Treasury Wine Estates Ltd. (OTCMKTS:TSRYY) Sees Large Decline in Short Interest

Treasury Wine Estates Ltd. (OTCMKTS:TSRYY) was the recipient of a large decline in short interest in the month of 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. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 111,110 shares, the short-interest ratio is currently 0.0 days.

Wall Street Analyst Weigh In

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

Treasury Wine Estates Trading Up 2.2%

Shares of OTCMKTS:TSRYY traded up $0.07 during midday trading on Thursday, hitting $3.22. 31,906 shares of the company’s stock were exchanged, compared to its average volume of 262,083. Treasury Wine Estates has a 12 month low of $2.25 and a 12 month high of $5.55. The stock has a 50 day moving average price of $3.11 and a 200-day moving average price of $3.20.

Treasury Wine Estates Company Profile

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.