Treasury Wine Estates Ltd. (OTCMKTS:TSRYY – Get Free Report) was the recipient of a large growth in short interest during 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. Based on an average daily trading volume, of 50,629 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the company’s stock are sold short.
Treasury Wine Estates Price Performance
OTCMKTS TSRYY traded up $0.04 during trading on Friday, reaching $3.14. 11,808 shares of the company’s stock were exchanged, compared to its average volume of 22,130. The business has a 50 day moving average price of $3.14 and a 200-day moving average price of $3.16. Treasury Wine Estates has a fifty-two week low of $2.25 and a fifty-two week high of $5.55.
Wall Street Analysts Forecast Growth
A number of research firms have recently commented on TSRYY. Citigroup upgraded shares of 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 report on Friday, June 5th. Finally, The Goldman Sachs Group assumed 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. Five analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Reduce” and an average price target of $5.20.
Treasury Wine Estates Company Profile
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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