Tesco PLC (OTCMKTS:TSCDY) Short Interest Update

Tesco PLC (OTCMKTS:TSCDY) was the recipient of a significant decline in short interest in the month of September. As of September 15th, there was short interest totaling 57,000 shares, a decline of 66.1% from the August 31st total of 168,100 shares. Based on an average daily volume of 174,500 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily volume of 174,500 shares, the days-to-cover ratio is presently 0.3 days.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Zacks Research raised shares of Tesco to a “hold” rating in a research report on Tuesday, August 12th. Barclays restated an “overweight” rating on shares of Tesco in a research report on Tuesday, August 26th. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy”.

Tesco Price Performance

Shares of TSCDY stock opened at $18.35 on Friday. The stock has a 50 day simple moving average of $17.49 and a 200-day simple moving average of $16.00. Tesco has a 1-year low of $12.16 and a 1-year high of $18.53. The company has a quick ratio of 0.44, a current ratio of 0.64 and a debt-to-equity ratio of 0.44.

Tesco Company Profile

Tesco PLC, together with its subsidiaries, operates as a grocery retailer in the United Kingdom, Republic of Ireland, the Czech Republic, Slovakia, and Hungary. It offers grocery products through its stores, as well as online. The company is also involved in the food and drink wholesaling activities.