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

Treasury Wine Estates Ltd. (OTCMKTS:TSRYY) saw a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 396 shares, a growth of 100.0% from the August 15th total of 198 shares. Based on an average daily trading volume, of 9,877 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the shares of the stock are short sold.

Institutional Trading of Treasury Wine Estates

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

Wall Street Analysts Forecast Growth

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

Treasury Wine Estates Trading Up 0.2%

Treasury Wine Estates stock opened at $3.61 on Wednesday. Treasury Wine Estates has a 52 week low of $2.25 and a 52 week high of $5.14. The firm’s 50-day simple moving average is $3.63 and its 200 day simple moving average is $3.21.

About Treasury Wine Estates

Treasury Wine Estates Limited is an Australia-based global wine company that produces, markets and distributes a portfolio of wine brands. Its business spans vineyard management, winemaking, brand development and sales through retail, hospitality and direct-to-consumer channels.

The company’s portfolio includes Penfolds, 19 Crimes, Wolf Blass, Beringer, Lindeman’s, Matua, Sterling Vineyards, Pepperjack and DAOU Family Estates. Its wines cover a range of styles and price points, including premium and luxury offerings as well as more accessible wines.

Treasury Wine Estates serves customers across Australia and New Zealand, the Americas, Europe and Asia.