Treasury Wine's A$1.6b US deal aims at premium market
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Treasury Wine Estates Limited (OTCMKTS:TSRYF – Get Free Report) was the recipient of a significant drop in short interest in the month of October. As of October 15th, there was short interest totalling 164,000 shares, a drop of 14.7% from the September 30th total of 192,200 shares. Based on an average trading volume of 100 […]
Treasury Wine Estates Limited (OTCMKTS:TSRYY – Get Free Report) was the recipient of a large increase in short interest in the month of October. As of October 15th, there was short interest totalling 77,000 shares, an increase of 179.0% from the September 30th total of 27,600 shares. Based on an average daily volume of 132,300 […]
China and Australia have agreed to a five-month review of the wine tariffs that have threatened to derail the Aussie wine industry over the last three years. However, analysts say that even if the tariffs were removed overnight it would still take two years to clear Australia's wine surplus.
Winemakers are racing to reconnect with Chinese buyers as a review into wine tariffs that punished Australian winemakers is announced.