Treasury Wine Estates Ltd. (OTCMKTS:TSRYY) Sees Significant Increase in Short Interest

Treasury Wine Estates Ltd. (OTCMKTS:TSRYY) saw 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. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 50,629 shares, the days-to-cover ratio is currently 0.1 days.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on TSRYY shares. The Goldman Sachs Group began coverage on shares of Treasury Wine Estates in a research note on Tuesday, June 23rd. They set a “neutral” rating and a $5.20 price target for the company. Zacks Research raised shares of Treasury Wine Estates to a “hold” rating in a report on Friday, June 5th. Finally, Citigroup raised shares of Treasury Wine Estates from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 21st. 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, the company presently has a consensus rating of “Reduce” and a consensus target price of $5.20.

Treasury Wine Estates Stock Performance

Shares of TSRYY stock traded down $0.04 on Monday, reaching $3.10. The company had a trading volume of 1,224 shares, compared to its average volume of 241,835. The company has a 50-day moving average of $3.14 and a 200-day moving average of $3.16. Treasury Wine Estates has a 12 month low of $2.25 and a 12 month 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.