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

Treasury Wine Estates Ltd. (OTCMKTS:TSRYY) was the target of a large drop in short interest during the month of August. As of August 14th, there was short interest totaling 198 shares, a drop of 88.1% from the July 30th total of 1,669 shares. Based on an average trading volume of 46,214 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the company’s shares are sold short.

Institutional Investors Weigh In On Treasury Wine Estates

An institutional investor recently bought a new stake in Treasury Wine Estates stock. Ferguson Wellman Capital Management Inc. acquired a new stake in Treasury Wine Estates Ltd. (OTCMKTS:TSRYY) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 10,000 shares of the company’s stock, valued at approximately $33,000.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on TSRYY. The Goldman Sachs Group began coverage on shares of Treasury Wine Estates in a report on Tuesday, June 23rd. They issued a “neutral” rating and a $5.20 price target for the company. Zacks Research raised Treasury Wine Estates to a “hold” rating in a research report on Friday, June 5th. Five analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Treasury Wine Estates has an average rating of “Reduce” and a consensus price target of $5.20.

Treasury Wine Estates Stock Performance

OTCMKTS:TSRYY opened at $4.02 on Wednesday. The stock’s 50 day moving average price is $3.45 and its two-hundred day moving average price is $3.17. Treasury Wine Estates has a 12-month low of $2.25 and a 12-month high of $5.55.

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.