Short Interest in Willamette Valley Vineyards, Inc. (NASDAQ:WVVI) Rises By 2,819.7%

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

Willamette Valley Vineyards Price Performance

NASDAQ WVVI opened at $2.18 on Friday. Willamette Valley Vineyards has a 12 month low of $2.03 and a 12 month 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 firm has a market capitalization of $10.86 million, a PE ratio of -2.37 and a beta of 0.18. The company’s 50 day simple moving average is $2.46 and its 200 day simple moving average is $2.60.

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

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of WVVI. Northwestern Mutual Wealth Management Co. raised 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 acquiring an additional 342,042 shares in the last quarter. EP Wealth Advisors LLC bought a new position in shares of Willamette Valley Vineyards during the 4th quarter valued at about $48,000. Susquehanna International Group LLP acquired a new position in shares of Willamette Valley Vineyards in the 3rd quarter worth approximately $39,000. Finally, Raymond James Financial Inc. acquired a new position in shares of Willamette Valley Vineyards in the 2nd quarter worth approximately $41,000. Institutional investors own 12.24% of the company’s stock.

About Willamette Valley Vineyards

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.