Short Interest in Treasury Wine Estates Ltd. (OTCMKTS:TSRYY) Rises By 280.8%

Treasury Wine Estates Ltd. (OTCMKTS:TSRYYGet Free Report) was the recipient of a large increase in short interest during the month of June. As of June 30th, there was short interest totaling 4,977 shares, an increase of 280.8% from the June 15th total of 1,307 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 50,629 shares, the days-to-cover ratio is presently 0.1 days.

Analyst Ratings Changes

TSRYY has been the subject of a number of analyst reports. Citigroup upgraded Treasury Wine Estates from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 21st. The Goldman Sachs Group started coverage on shares of Treasury Wine Estates in a research report on Tuesday, June 23rd. They set a “neutral” rating and a $5.20 price objective on the stock. Finally, Zacks Research raised shares of Treasury Wine Estates to a “hold” rating in a research note on Friday, June 5th. Five analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average price target of $5.20.

View Our Latest Report on TSRYY

Treasury Wine Estates Price Performance

Shares of TSRYY stock opened at $3.08 on Tuesday. Treasury Wine Estates has a 52-week low of $2.25 and a 52-week high of $5.55. The stock has a 50 day moving average price of $3.14 and a 200 day moving average price of $3.16.

Treasury Wine Estates Company Profile

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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.

Further Reading

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