Treasury Wine Estates Ltd. (OTCMKTS:TSRYY) Sees Large Decrease in Short Interest

Key Points

• Treasury Wine Estates Ltd. experienced a drastic reduction in short interest, falling 97.8% from 192,500 shares to just 4,200 shares as of September 30th.
• UBS Group downgraded the company’s stock rating from "strong-buy" to "hold," with two other analysts also classifying it as a "hold."
• The company increased its dividend slightly, which was paid out on October 14th, with a notable dividend yield of 426.0%, despite a negative dividend payout ratio of -141.03%.

Treasury Wine Estates Ltd. (OTCMKTS:TSRYY - Get Free Report) was the recipient of a large decline in short interest in September. As of September 30th, there was short interest totaling 4,200 shares, a decline of 97.8% from the September 15th total of 192,500 shares. Based on an average trading volume of 875,700 shares, the short-interest ratio is currently 0.0 days. Based on an average trading volume of 875,700 shares, the short-interest ratio is currently 0.0 days.

Analysts Set New Price Targets

Separately, UBS Group lowered shares of Treasury Wine Estates from a "strong-buy" rating to a "hold" rating in a research note on Monday. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Treasury Wine Estates currently has an average rating of "Hold".

Treasury Wine Estates Stock Performance

Shares of TSRYY stock traded up $0.04 during mid-day trading on Thursday, reaching $3.99. 436,956 shares of the company were exchanged, compared to its average volume of 329,281. The business's 50 day simple moving average is $4.89 and its 200 day simple moving average is $5.20. The company has a market capitalization of $3.24 billion and a P/E ratio of -25.58. Treasury Wine Estates has a fifty-two week low of $3.79 and a fifty-two week high of $8.09.

Treasury Wine Estates Increases Dividend

The business also recently announced a dividend, which was paid on Tuesday, October 14th. Stockholders of record on Friday, August 29th were paid a $0.0393 dividend. This is a boost from Treasury Wine Estates's previous dividend of $0.04. The ex-dividend date was Thursday, August 28th. This represents a dividend yield of 426.0%. Treasury Wine Estates's dividend payout ratio (DPR) is currently -141.03%.

Treasury Wine Estates Company Profile

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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