Short Interest in Tesco PLC (OTCMKTS:TSCDY) Declines By 16.5%

Tesco PLC (OTCMKTS:TSCDY) saw a significant drop in short interest in November. As of November 30th, there was short interest totalling 57,500 shares, a drop of 16.5% from the November 15th total of 68,900 shares. Based on an average daily trading volume, of 774,800 shares, the short-interest ratio is currently 0.1 days.

Tesco Trading Up 0.1 %

TSCDY opened at $14.20 on Friday. The business’s 50-day simple moving average is $13.77 and its 200-day simple moving average is $13.31. Tesco has a one year low of $10.36 and a one year high of $14.85.

Tesco Cuts Dividend

The business also recently declared a dividend, which was paid on Monday, December 2nd. Investors of record on Tuesday, October 15th were issued a dividend of $0.1692 per share. The ex-dividend date was Tuesday, October 15th.

Analyst Ratings Changes

A number of research firms have weighed in on TSCDY. Royal Bank of Canada began coverage on Tesco in a research note on Tuesday, November 19th. They issued a “sector perform” rating on the stock. BNP Paribas began coverage on Tesco in a research report on Friday, October 18th. They set an “outperform” rating on the stock. Finally, Citigroup upgraded Tesco to a “strong-buy” rating in a research report on Friday, September 13th.

About Tesco

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.