Short Interest in Treasury Wine Estates Ltd. (OTCMKTS:TSRYY) Grows By 67.2%

Key Points

• Short interest in Treasury Wine Estates Ltd. increased by 67.2%, rising from 51,200 shares to 85,600 shares as of August 31.
• The company's stock is currently down by 1.8% and has a market cap of $4.12 billion, with a PE ratio of -32.56.
• Treasury Wine Estates announced a dividend of $0.0393 with a remarkable dividend yield of 426.0%, despite a negative payout ratio of -141.03%.

Treasury Wine Estates Ltd. (OTCMKTS:TSRYY - ) was the target of a large increase in short interest in the month of August. As of August 31st, there was short interest totaling 85,600 shares, an increase of 67.2% from the August 15th total of 51,200 shares. Based on an average daily trading volume, of 477,100 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.0% of the company's shares are short sold. Currently, 0.0% of the company's shares are short sold. Based on an average daily trading volume, of 477,100 shares, the days-to-cover ratio is currently 0.2 days.

Treasury Wine Estates Stock Down 1.8%

TSRYY opened at $5.08 on Monday. The stock has a market cap of $4.12 billion and a PE ratio of -32.56. The business has a 50 day moving average of $5.15 and a 200-day moving average of $5.47. Treasury Wine Estates has a 52 week low of $4.76 and a 52 week high of $8.63.

Treasury Wine Estates Increases Dividend

The firm also recently announced a dividend, which will be paid on Tuesday, October 14th. Shareholders of record on Friday, August 29th will be issued a $0.0393 dividend. This represents a dividend yield of 426.0%. The ex-dividend date of this dividend is Thursday, August 28th. This is a positive change from Treasury Wine Estates's previous dividend of $0.04. Treasury Wine Estates's dividend payout ratio is -141.03%.

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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