Tesco PLC (OTCMKTS:TSCDY) Short Interest Update

Tesco PLC (OTCMKTS:TSCDY) was the target of a large growth in short interest during the month of December. As of December 15th, there was short interest totalling 312,000 shares, a growth of 442.6% from the November 30th total of 57,500 shares. Based on an average daily volume of 455,000 shares, the short-interest ratio is presently 0.7 days.

Tesco Stock Up 1.5 %

Shares of TSCDY traded up $0.20 during trading hours on Thursday, reaching $14.21. 181,054 shares of the stock traded hands, compared to its average volume of 370,210. The company’s 50-day moving average price is $13.77 and its two-hundred day moving average price is $13.44. Tesco has a 52-week low of $10.36 and a 52-week high of $14.85.

Tesco Cuts Dividend

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

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Citigroup upgraded shares of Tesco to a “strong-buy” rating in a report on Friday, September 13th. BNP Paribas assumed coverage on Tesco in a report on Friday, October 18th. They set an “outperform” rating on the stock. Finally, Royal Bank of Canada initiated coverage on shares of Tesco in a research note on Tuesday, November 19th. They set a “sector perform” 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.