Treasury Wine Estates Ltd. (OTCMKTS:TSRYY – Get Free Report) was the target of a significant decrease in short interest in the month of 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. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 45,745 shares, the days-to-cover ratio is currently 0.0 days.
Treasury Wine Estates Stock Up 3.8%
OTCMKTS TSRYY opened at $3.25 on Friday. Treasury Wine Estates has a 1 year low of $2.25 and a 1 year high of $5.55. The business’s fifty day moving average is $3.18 and its two-hundred day moving average is $3.14.
Analyst Ratings Changes
A number of research firms recently issued reports on TSRYY. The Goldman Sachs Group started coverage on Treasury Wine Estates in a report on Tuesday, June 23rd. They set a “neutral” rating and a $5.20 target price on the stock. Citigroup raised shares of Treasury Wine Estates from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 21st. Finally, Zacks Research upgraded shares of 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 given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average 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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