Treasury Wine Estates Ltd. (OTCMKTS:TSRYY – Get Free Report) was the target of a large decline in short interest in June. As of June 15th, there was short interest totaling 1,307 shares, a decline of 99.0% from the May 31st total of 134,725 shares. Based on an average daily trading volume, of 111,110 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the shares of the stock are sold short.
Treasury Wine Estates Stock Down 0.6%
TSRYY opened at $3.20 on Friday. Treasury Wine Estates has a 52 week low of $2.25 and a 52 week high of $5.55. The business’s fifty day simple moving average is $3.12 and its 200 day simple moving average is $3.19.
Analysts Set New Price Targets
TSRYY has been the subject of several recent research reports. Zacks Research upgraded shares of Treasury Wine Estates to a “hold” rating in a report on Friday, June 5th. The Goldman Sachs Group began coverage on shares of Treasury Wine Estates in a report on Tuesday. They issued a “neutral” rating and a $5.20 price target on the stock. Finally, Citigroup raised shares of Treasury Wine Estates from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 21st. Five equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Treasury Wine Estates currently has an average rating of “Reduce” and a consensus target price of $5.20.
About Treasury Wine Estates
Treasury Wine Estates is a Melbourne‐based global wine company that produces, markets and distributes a broad portfolio of wines. Its portfolio spans premium, luxury and commercial brands, including Penfolds, Beringer, Stags’ Leap Family Vineyards, Wolf Blass, Lindeman’s and Matua. The company sources fruit from a mix of owned vineyards and long-term grower partnerships across key wine regions in Australia, California and New Zealand.
The business was established in 2011 following a demerger from Foster’s Group and traces its heritage back to the founding of Penfolds in 1844.
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