Short Interest in Treasury Wine Estates Ltd. (OTCMKTS:TSRYY) Drops By 93.3%

Key Points

• Short interest in Treasury Wine Estates Ltd. dropped significantly by 93.3% in July, falling to just 600 shares from 8,900 shares in June.
• Citigroup has lowered its rating for Treasury Wine Estates to "neutral" as of early April.
• The stock price of Treasury Wine Estates is currently around $5.05, with a twelve-month trading range between $4.93 and $8.63.

Treasury Wine Estates Ltd. (OTCMKTS:TSRYY - Get Free Report) was the recipient of a large decline in short interest during the month of July. As of July 15th, there was short interest totalling 600 shares, a decline of 93.3% from the June 30th total of 8,900 shares. Based on an average trading volume of 500,500 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the company's shares are short sold.

Analysts Set New Price Targets

Separately, Citigroup lowered shares of Treasury Wine Estates to a "neutral" rating in a report on Wednesday, April 2nd.

Treasury Wine Estates Stock Performance

Shares of OTCMKTS TSRYY traded down $0.10 during midday trading on Tuesday, reaching $5.05. The stock had a trading volume of 341,830 shares, compared to its average volume of 322,299. The firm has a market cap of $4.10 billion and a price-to-earnings ratio of -32.37. Treasury Wine Estates has a twelve month low of $4.93 and a twelve month high of $8.63. The company's 50 day moving average price is $5.24 and its 200 day moving average price is $5.85.

About Treasury Wine Estates

Treasury Wine Estates Limited operates as a wine company primarily in Australia, New Zealand, Asia, Europe, the United Kingdom, the Middle East, Africa, and the Americas. The company engages in the viticulture and winemaking; and marketing, sale, and distribution of wine. Its wine portfolio includes luxury, premium and commercial wine brands, such as 19 Crimes, Acacia Vineyard, Annie's Lane, Beaulieu Vineyard, Belcreme de Lys, Beringer Vineyards, Blossom Hill, Cavaliere d'Oro, Coldstream Hills, Devil's Lair, EMBRAZEN, Etude, Fifth Leg, Heemskerk, Hewitt Vineyard, Ingoldby, Jamieson's Run, Killawarra, Leo Buring, Lindeman's, Maison de Grand Esprit, Matua, Penfolds, Pepperjack, Rawson's Retreat, Rosemount Estate, Run Riot, Saltram, Samuel Wynn & Co, Secret Stone, Seppelt, Shingle Peak, Sledgehammer, Squealing pig, St Huberts, Stags' Leap Winery, Stellina di Notte, Sterling Vineyards, T'Gallant, The Walking Dead Wine, Wolf Blass, Wynns Coonawarra Estate, and Yellowglen.

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