Treasury Wine Estates Ltd. (OTCMKTS:TSRYY) Sees Large Decline in Short Interest

Treasury Wine Estates Ltd. (OTCMKTS:TSRYY) was the target of a significant drop in short interest during the month of June. As of June 15th, there was short interest totaling 1,307 shares, a drop of 99.0% from the May 31st total of 134,725 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 111,110 shares, the days-to-cover ratio is presently 0.0 days.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Zacks Research raised Treasury Wine Estates to a “hold” rating in a report on Friday, June 5th. The Goldman Sachs Group assumed coverage on Treasury Wine Estates in a research note on Tuesday. They issued a “neutral” rating and a $5.20 price objective on the stock. Finally, Citigroup upgraded Treasury Wine Estates from a “strong sell” rating to a “hold” rating in a research 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. According to data from MarketBeat.com, Treasury Wine Estates currently has a consensus rating of “Reduce” and an average price target of $5.20.

Treasury Wine Estates Trading Up 2.2%

OTCMKTS TSRYY traded up $0.07 on Thursday, hitting $3.22. The company’s stock had a trading volume of 31,906 shares, compared to its average volume of 262,083. The company’s 50-day moving average is $3.11 and its 200 day moving average is $3.20. Treasury Wine Estates has a 1-year low of $2.25 and a 1-year 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.