Short Interest in Tesco PLC (OTCMKTS:TSCDY) Rises By 65.2%

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

Tesco Stock Down 0.6 %

TSCDY stock traded down $0.08 during midday trading on Thursday, hitting $13.10. The company’s stock had a trading volume of 142,781 shares, compared to its average volume of 380,205. Tesco has a 52-week low of $10.13 and a 52-week high of $14.85. The firm has a 50-day simple moving average of $14.15 and a 200-day simple moving average of $13.01. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.68 and a current ratio of 0.81.

Tesco Cuts Dividend

The firm also recently announced a dividend, which will be paid on Monday, December 2nd. Stockholders of record on Tuesday, October 15th will be given a dividend of $0.1692 per share. The ex-dividend date of this dividend is Tuesday, October 15th.

Analysts Set New Price Targets

Several brokerages recently commented on TSCDY. Sanford C. Bernstein upgraded Tesco to a “strong-buy” rating in a research note on Tuesday, August 13th. BNP Paribas started coverage on shares of Tesco in a report on Friday, October 18th. They issued an “outperform” rating for the company. Finally, Citigroup raised shares of Tesco to a “strong-buy” rating in a research note 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.