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Treasury Wine Estates Limited (OTCMKTS:TSRYF – Get Free Report) saw a large increase in short interest in the month of September. As of September 30th, there was short interest totalling 192,200 shares, an increase of 19.5% from the September 15th total of 160,800 shares. Based on an average trading volume of 200 shares, the short-interest […]
Australia’s wine industry is going through its most troubled times in a generation. The once booming business saw the value of wine exports slide by 10% in the year to June 2023, reaching its lowest level since 2014.
Treasury Wine Estates Limited (OTCMKTS:TSRYY – Get Free Report) saw a large drop in short interest in September. As of September 15th, there was short interest totalling 14,400 shares, a drop of 84.7% from the August 31st total of 93,900 shares. Based on an average trading volume of 210,200 shares, the short-interest ratio is presently […]
The $7 billion wine sector in Australia is undergoing a serious shake-up, with the owners of brands such as Jacob’s Creek, McGuigan and Tempus Two doing strategic reviews, as sales of other operators such as Bethany Wines step up.
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Is it still a viable option for those who dream of owning a vineyard?