Treasury Wine Estates Ltd. (OTCMKTS:TSRYY) Stock Short Interest Report for October

Key Points

• Short interest increased significantly in Treasury Wine Estates to 2,323 shares as of October 15, representing about 0.0% of shares outstanding and a short-interest ratio of 0.1 days.
• UBS upgraded the stock from “Hold” to “Strong Buy,” but the broader analyst consensus remains “Hold”, with an average price target of $5.20.
• The stock opened at $4.26, up 3.8%, near its one-year high of $4.27. Ferguson Wellman Capital Management also initiated a position of 10,000 shares valued at approximately $33,000.

Treasury Wine Estates Ltd. (OTCMKTS:TSRYY - Get Free Report) was the target of a significant increase in short interest in October. As of October 15th, there was short interest totaling 2,323 shares. Based on an average daily volume of 25,784 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the shares of the stock are sold short.

Analyst Upgrades and Downgrades

Separately, UBS Group raised shares of Treasury Wine Estates from a "hold" rating to a "strong-buy" rating in a report on Thursday, October 1st. One equities research analyst has rated the stock with a Strong Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, Treasury Wine Estates currently has a consensus rating of "Hold" and an average target price of $5.20.

Treasury Wine Estates Stock Up 3.8%

Treasury Wine Estates stock opened at $4.26 on Friday. Treasury Wine Estates has a one year low of $2.25 and a one year high of $4.27. The stock's 50 day moving average is $3.88 and its 200 day moving average is $3.37.

Hedge Funds Weigh In On Treasury Wine Estates

An institutional investor recently bought a new position in Treasury Wine Estates stock. Ferguson Wellman Capital Management Inc. purchased a new position in Treasury Wine Estates Ltd. (OTCMKTS:TSRYY - Free Report) during the 2nd quarter, according to the company in 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.

Treasury Wine Estates Company Profile

Treasury Wine Estates is an Australia-based global wine company that produces, markets and distributes a broad portfolio of wines. Its products span premium, luxury and commercial wine categories, with offerings sold through retail, hospitality and other distribution channels.

The company's brand portfolio includes Penfolds, Beringer, 19 Crimes, Wolf Blass, Lindeman's, Matua, Sterling Vineyards, Wynns and Yellowglen. Treasury Wine Estates manages vineyards, wineries and production operations across major wine-growing regions and serves customers in Australia and New Zealand, the Americas, Europe and Asia.

Treasury Wine Estates was established in 2011 when Foster's Group separated its beer and wine businesses.

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