Short Interest Worth Watching: Can CRIMSON WINE (OTCMKTS:CWGL)’s Tomorrow Be Different? The Stock Had Decline in Shorts

November 30, 2016 - By Marguerite Chambers   ·   0 Comments

Short Interest Worth Watching: Can CRIMSON WINE (OTCMKTS:CWGL)’s Tomorrow Be Different? The Stock Had Decline in Shorts

The stock of CRIMSON WINE (OTCMKTS:CWGL) registered a decrease of 3.57% in short interest. CWGL’s total short interest was 10,800 shares in November as published by FINRA. Its down 3.57% from 11,200 shares, reported previously. With 43,400 shares average volume, it will take short sellers 0 days to cover their CWGL’s short positions. About 3,157 shares traded hands. Crimson Wine Group Ltd (OTCMKTS:CWGL) has risen 9.94% since April 27, 2016 and is uptrending. It has outperformed by 4.71% the S&P500.

Crimson Wine Group, Ltd. is engaged in producing and selling ultra-premium and luxury wines. The company has a market cap of $223.96 million. The Firm operates through two divisions: Wholesale Sales and Direct to Consumer Sales. It has a 66.62 P/E ratio. The Wholesale Sales segment includes all sales through a third party where prices are given at a wholesale rate whereas Direct to Consumer Sales segment includes retail sales in the tasting room, remote sites and at on-site events, Wine Club sales, and other sales made directly to the consumer without the use of an intermediary.

Insitutional Activity: The institutional sentiment decreased to 0.29 in 2016 Q2. Its down 1.38, from 1.67 in 2016Q1. The ratio turned negative, as 0 funds sold all Crimson Wine Group Ltd shares owned while 3 reduced positions. 1 funds bought stakes while 4 increased positions. They now own 5.85 million shares or 2.92% less from 6.02 million shares in 2016Q1.
Edge Wealth Mgmt Ltd Liability Co accumulated 0% or 70 shares. Iat Reinsurance Ltd has 30,026 shares for 0.17% of their US portfolio. Motley Fool Asset Mngmt Limited Liability has 124,841 shares for 0.23% of their US portfolio. Geduld E E holds 0.14% or 12,500 shares in its portfolio. Moreover, Price Michael F has 1.03% invested in Crimson Wine Group Ltd (OTCMKTS:CWGL) for 928,500 shares. Marshfield Assoc holds 84,409 shares or 0.05% of its portfolio. Highlander Cap Lc owns 60 shares or 0% of their US portfolio. Hudson Bay Lp accumulated 0.22% or 852,733 shares. Karpas Strategies Ltd Limited Liability Company accumulated 14,781 shares or 0.06% of the stock. The New York-based Markston Intl Ltd Company has invested 0% in Crimson Wine Group Ltd (OTCMKTS:CWGL). Menlo Advsrs Ltd owns 13,169 shares or 0.09% of their US portfolio. Panagora Asset Management has 0% invested in the company for 1,185 shares. Mutual Of America Cap Mngmt Ltd Liability Corp holds 0.11% or 618,252 shares in its portfolio. Staley Cap Advisers Inc has 0.04% invested in the company for 45,000 shares. Huntington Financial Bank has invested 0% of its portfolio in Crimson Wine Group Ltd (OTCMKTS:CWGL).

Insider Transactions: Since May 31, 2016, the stock had 33 buys, and 0 sales for $907,197 net activity. $18,467 worth of shares were bought by STEINBERG JOSEPH S on Friday, September 30. Another trade for 1,633 shares valued at $13,867 was bought by CUMMING IAN M.. The insider Schuler Francesca bought $12,840. DeLong Patrick M had bought 250 shares worth $2,125.

CWGL Company Profile

Crimson Wine Group, Ltd. (Crimson), incorporated on February 28, 1991, is engaged in producing and selling ultra-premium and luxury wines. The Firm operates through two divisions: Wholesale Sales and Direct to Consumer Sales. The Wholesale Sales segment includes all sales through a third party where prices are given at a wholesale rate whereas Direct to Consumer Sales segment includes retail sales in the tasting room, remote sites and at on-site events, Wine Club sales, and other sales made directly to the consumer without the use of an intermediary. The Company, through its subsidiaries, owns over four wineries, including Pine Ridge Vineyards, Archery Summit, Chamisal Vineyards and Seghesio Family Vineyards. In addition, Crimson owns Double Canyon Vineyards, which owns land in the Horse Heaven Hills of Washington’s Columbia Valley.

More important recent Crimson Wine Group Ltd (OTCMKTS:CWGL) news were published by: Seekingalpha.com which released: “Wisdom In Wine: Crimson Wine Group’s Durable Value” on September 29, 2016, also Prnewswire.com published article titled: “CRIMSON WINE GROUP, LTD. COMPLETES SPIN-OFF FROM LEUCADIA NATIONAL CORPORATION”, Seekingalpha.com published: “Value Ignored: Crimson Wine Group” on April 29, 2016. More interesting news about Crimson Wine Group Ltd (OTCMKTS:CWGL) was released by: Seekingalpha.com and their article: “Why Crimson Wine Group Could Be Worth $20” with publication date: September 09, 2013.

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By Marguerite Chambers

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