Treasury Wine Estates Limited (OTCMKTS:TSRYY) Sees Significant Growth in Short Interest

Treasury Wine Estates Limited (OTCMKTS:TSRYY) was the recipient of a significant increase in short interest in May. As of May 28th, there was short interest totalling 59,200 shares, an increase of 550.5% from the May 13th total of 9,100 shares. Based on an average daily trading volume, of 38,500 shares, the short-interest ratio is currently 1.5 days.

TSRYY has been the topic of several recent research reports. JPMorgan Chase & Co. downgraded shares of Treasury Wine Estates from an “overweight” rating to a “neutral” rating in a report on Thursday, March 11th. Credit Suisse Group downgraded shares of Treasury Wine Estates from an “outperform” rating to a “neutral” rating in a report on Wednesday, March 10th.

Shares of OTCMKTS TSRYY traded up $0.02 on Friday, hitting $9.32. The company’s stock had a trading volume of 19,412 shares, compared to its average volume of 50,408. Treasury Wine Estates has a 12-month low of $5.86 and a 12-month high of $9.43. The company has a 50 day simple moving average of $8.30.

About Treasury Wine Estates

Treasury Wine Estates Limited operates as a wine company primarily in Australia, New Zealand, Asia, Europe, and the Americas. It engages in the viticulture and winemaking; and marketing, sale, and distribution of wine. The company's wine portfolio includes luxury, masstige, and commercial wine brands, such as Penfolds, Beringer, Lindeman's, Wolf Blass, 19 Crimes, Chateau St Jean, Beaulieu Vineyard, Stags' Leap, and Sterling Vineyards.

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