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 daily volume of 46,214 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the shares of the company are sold short.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. The Goldman Sachs Group assumed coverage on shares of Treasury Wine Estates in a report on Tuesday, June 23rd. They issued a “neutral” rating and a $5.20 price objective on the stock. Zacks Research raised shares of Treasury Wine Estates to a “hold” rating in a report on Friday, June 5th. Five analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Reduce” and a consensus target price of $5.20.

Institutional Trading of Treasury Wine Estates

A hedge fund recently bought a new stake in Treasury Wine Estates stock. Ferguson Wellman Capital Management Inc. bought a new position in shares of Treasury Wine Estates Ltd. (OTCMKTS:TSRYY) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 10,000 shares of the company’s stock, valued at approximately $33,000.

Treasury Wine Estates Price Performance

Shares of Treasury Wine Estates stock opened at $4.01 on Thursday. The firm has a 50-day moving average of $3.46 and a 200-day moving average of $3.17. Treasury Wine Estates has a 52-week low of $2.25 and a 52-week 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.