Willamette Valley Vineyards, Inc. (NASDAQ:WVVI) Short Interest Update

Willamette Valley Vineyards, Inc. (NASDAQ:WVVI) saw a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 26,744 shares, an increase of 2,819.7% from the August 15th total of 916 shares. Currently, 0.6% of the shares of the stock are sold short. Based on an average trading volume of 42,228 shares, the days-to-cover ratio is currently 0.6 days.

Institutional Investors Weigh In On Willamette Valley Vineyards

Several hedge funds and other institutional investors have recently made changes to their positions in WVVI. Northwestern Mutual Wealth Management Co. increased its position in Willamette Valley Vineyards by 108,584.8% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 342,357 shares of the company’s stock worth $1,044,000 after purchasing an additional 342,042 shares during the period. EP Wealth Advisors LLC bought a new stake in Willamette Valley Vineyards during the 2nd quarter worth about $41,000. Susquehanna International Group LLP acquired a new position in Willamette Valley Vineyards during the 3rd quarter valued at about $39,000. Finally, Raymond James Financial Inc. acquired a new position in Willamette Valley Vineyards during the 2nd quarter valued at about $41,000. 12.24% of the stock is owned by institutional investors and hedge funds.

Willamette Valley Vineyards Price Performance

Shares of WVVI stock traded up $0.09 during trading hours on Thursday, reaching $2.18. 6,231 shares of the company were exchanged, compared to its average volume of 8,683. Willamette Valley Vineyards has a fifty-two week low of $2.03 and a fifty-two week high of $5.10. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.92 and a quick ratio of 0.36. The stock’s fifty day moving average is $2.47 and its two-hundred day moving average is $2.61. The company has a market cap of $10.86 million, a price-to-earnings ratio of -2.37 and a beta of 0.18.

Willamette Valley Vineyards (NASDAQ:WVVI) last posted its quarterly earnings data on Wednesday, August 12th. The company reported ($0.40) earnings per share for the quarter. Willamette Valley Vineyards had a negative return on equity of 10.31% and a negative net margin of 5.93%.The company had revenue of $10.04 million during the quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Willamette Valley Vineyards in a report on Wednesday, June 24th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has a consensus rating of “Sell”.

Willamette Valley Vineyards Company Profile

Willamette Valley Vineyards, Inc (NASDAQ: WVVI) is an Oregon-based winery specializing in the cultivation, production and marketing of premium cool-climate wines. The company’s core business activities encompass estate vineyard management, winemaking, and direct-to-consumer sales through tasting rooms and wine clubs. Its portfolio features key varietals such as Pinot Noir, Pinot Gris, Chardonnay and Riesling, reflecting the unique terroir of the Willamette Valley American Viticultural Area (AVA).

Founded in 1983 by Jim Bernau, Willamette Valley Vineyards has grown from a small family operation into one of the leading publicly traded wineries in the United States.