Treasury Wine Estates Ltd. (OTCMKTS:TSRYY – Get Free Report) was the recipient of a large decrease in short interest in July. As of July 15th, there was short interest totaling 1,296 shares, a decrease of 74.0% from the June 30th total of 4,977 shares. Based on an average trading volume of 45,745 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the company’s stock are sold short.
Treasury Wine Estates Price Performance
Shares of OTCMKTS TSRYY opened at $3.25 on Monday. The company has a 50 day simple moving average of $3.18 and a two-hundred day simple moving average of $3.14. Treasury Wine Estates has a fifty-two week low of $2.25 and a fifty-two week high of $5.55.
Analyst Upgrades and Downgrades
A number of research analysts have recently commented on TSRYY shares. Citigroup upgraded Treasury Wine Estates from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 21st. The Goldman Sachs Group assumed coverage on Treasury Wine Estates in a report on Tuesday, June 23rd. They issued a “neutral” rating and a $5.20 price objective for the company. Finally, Zacks Research raised Treasury Wine Estates to a “hold” rating in a research report on Friday, June 5th. Five research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Reduce” and an average price target 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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