Tesco PLC (OTCMKTS:TSCDY) Short Interest Update

Tesco PLC (OTCMKTS:TSCDY) was the target of a large increase in short interest in October. As of October 31st, there was short interest totalling 171,600 shares, an increase of 65.2% from the October 15th total of 103,900 shares. Based on an average trading volume of 534,400 shares, the days-to-cover ratio is currently 0.3 days.

Tesco Stock Performance

Shares of TSCDY stock opened at $13.08 on Friday. The company has a 50-day moving average of $14.15 and a two-hundred day moving average of $13.01. The company has a quick ratio of 0.68, a current ratio of 0.81 and a debt-to-equity ratio of 0.49. Tesco has a 1-year low of $10.13 and a 1-year high of $14.85.

Tesco Cuts Dividend

The company also recently declared a dividend, which will be paid on Monday, December 2nd. Shareholders of record on Tuesday, October 15th will be paid a dividend of $0.1692 per share. The ex-dividend date is Tuesday, October 15th.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on TSCDY shares. Sanford C. Bernstein raised Tesco to a “strong-buy” rating in a report on Tuesday, August 13th. Citigroup raised Tesco to a “strong-buy” rating in a report on Friday, September 13th. Finally, BNP Paribas assumed coverage on shares of Tesco in a research note on Friday, October 18th. They issued an “outperform” rating on the stock.

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.