Treasury Wine Estates Ltd. (OTCMKTS:TSRYY) Short Interest Down 88.1% in August

Treasury Wine Estates Ltd. (OTCMKTS:TSRYY) was the recipient of a significant decrease in short interest in the month of August. As of August 14th, there was short interest totaling 198 shares, a decrease of 88.1% from the July 30th total of 1,669 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 46,214 shares, the days-to-cover ratio is presently 0.0 days.

Treasury Wine Estates Trading Down 1.9%

Shares of TSRYY stock opened at $3.94 on Friday. Treasury Wine Estates has a fifty-two week low of $2.25 and a fifty-two week high of $5.55. The business’s 50 day moving average price is $3.47 and its 200-day moving average price is $3.18.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. The Goldman Sachs Group began coverage on shares of Treasury Wine Estates in a research note on Tuesday, June 23rd. They issued a “neutral” rating and a $5.20 target price on the stock. Zacks Research raised shares of Treasury Wine Estates to a “hold” rating in a report on Friday, June 5th. Five equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Reduce” and an average target price of $5.20.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Treasury Wine Estates stock. Ferguson Wellman Capital Management Inc. purchased a new stake in shares of Treasury Wine Estates Ltd. (OTCMKTS:TSRYY) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 10,000 shares of the company’s stock, valued at approximately $33,000.

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.