Treasury Wine Estates Ltd. (OTCMKTS:TSRYY – Get Free Report) was the target of a large increase in short interest during the month of April. As of April 30th, there was short interest totaling 189,346 shares, an increase of 224.1% from the April 15th total of 58,421 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 196,498 shares, the short-interest ratio is presently 1.0 days.
Treasury Wine Estates Stock Performance
Shares of OTCMKTS TSRYY opened at $2.97 on Thursday. The stock’s fifty day moving average is $2.81 and its 200 day moving average is $3.34. Treasury Wine Estates has a 52 week low of $2.25 and a 52 week high of $6.14.
Wall Street Analyst Weigh In
Several research firms have weighed in on TSRYY. Citigroup upgraded Treasury Wine Estates from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 21st. UBS Group cut shares of Treasury Wine Estates from a “hold” rating to a “strong sell” rating in a research report on Friday, February 6th. Three equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average 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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