Short Interest in Treasury Wine Estates Ltd. (OTCMKTS:TSRYY) Declines By 88.1%

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

Wall Street Analysts Forecast Growth

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

Treasury Wine Estates Price Performance

Shares of OTCMKTS:TSRYY opened at $4.02 on Wednesday. Treasury Wine Estates has a 1-year low of $2.25 and a 1-year high of $5.55. The business has a 50-day moving average price of $3.45 and a two-hundred day moving average price of $3.17.

Institutional Trading of Treasury Wine Estates

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

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.