Treasury Wine Estates Ltd. (OTCMKTS:TSRYY – Get Free Report) was the recipient of a large growth in short interest in the month of June. As of June 30th, there was short interest totaling 4,977 shares, a growth of 280.8% from the June 15th total of 1,307 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 50,629 shares, the short-interest ratio is currently 0.1 days.
Treasury Wine Estates Trading Up 1.2%
OTCMKTS TSRYY traded up $0.04 during trading on Friday, hitting $3.14. The stock had a trading volume of 11,808 shares, compared to its average volume of 22,130. Treasury Wine Estates has a 12 month low of $2.25 and a 12 month high of $5.55. The company’s 50-day moving average price is $3.14 and its two-hundred day moving average price is $3.16.
Analysts Set New Price Targets
TSRYY has been the subject of several research analyst reports. Zacks Research upgraded shares of Treasury Wine Estates to a “hold” rating in a report on Friday, June 5th. The Goldman Sachs Group assumed coverage on shares of Treasury Wine Estates in a report on Tuesday, June 23rd. They set a “neutral” rating and a $5.20 price objective on the stock. Finally, Citigroup raised shares of Treasury Wine Estates from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 21st. Five research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Reduce” and a consensus 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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