Tesco PLC (OTCMKTS:TSCDY) Short Interest Down 70.0% in January

Tesco PLC (OTCMKTS:TSCDY) was the recipient of a large decrease in short interest during the month of January. As of January 31st, there was short interest totalling 53,100 shares, a decrease of 70.0% from the January 15th total of 177,200 shares. Based on an average trading volume of 434,900 shares, the days-to-cover ratio is currently 0.1 days.

Analyst Upgrades and Downgrades

TSCDY has been the subject of a number of research analyst reports. BNP Paribas began coverage on shares of Tesco in a research note on Friday, October 18th. They issued an “outperform” rating for the company. Royal Bank of Canada assumed coverage on shares of Tesco in a research report on Tuesday, November 19th. They issued a “sector perform” rating for the company.

Tesco Trading Up 1.8 %

TSCDY stock traded up $0.26 during midday trading on Wednesday, reaching $14.81. The stock had a trading volume of 68,117 shares, compared to its average volume of 252,294. Tesco has a twelve month low of $10.36 and a twelve month high of $14.85. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.81 and a quick ratio of 0.67. The business has a fifty day simple moving average of $13.96 and a two-hundred day simple moving average of $13.87.

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.