Treasury Wine Estates Ltd. (OTCMKTS:TSRYY) Short Interest Update

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. Based on an average trading volume of 111,110 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the company’s shares are sold short.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on TSRYY. Citigroup raised Treasury Wine Estates from a “strong sell” rating to a “hold” rating in a research note 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 initiated coverage on Treasury Wine Estates in a report on Tuesday. They issued a “neutral” rating and a $5.20 price objective for the company. Five analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Treasury Wine Estates currently has a consensus rating of “Reduce” and an average target price of $5.20.

Treasury Wine Estates Stock Performance

Shares of OTCMKTS TSRYY opened at $3.22 on Friday. The firm has a 50 day moving average price of $3.12 and a 200 day moving average price of $3.19. Treasury Wine Estates has a 52-week low of $2.25 and a 52-week high of $5.55.

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.