Tesco PLC (OTCMKTS:TSCDY) Short Interest Update
by Kim Johansen · The Markets DailyTesco PLC (OTCMKTS:TSCDY – Get Free Report) was the recipient of a significant decrease in short interest in September. As of September 15th, there was short interest totaling 69,284 shares, a decrease of 43.9% from the August 31st total of 123,609 shares. Based on an average trading volume of 457,176 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.0% of the company’s stock are short sold.
Tesco Stock Performance
Shares of Tesco stock opened at $18.88 on Friday. The firm has a fifty day moving average price of $19.09 and a 200 day moving average price of $18.97. Tesco has a 1 year low of $16.65 and a 1 year high of $20.54. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.59 and a quick ratio of 0.39.
Wall Street Analysts Forecast Growth
TSCDY has been the topic of a number of recent analyst reports. Erste Group Bank lowered shares of Tesco from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 27th. Morgan Stanley reissued an “overweight” rating on shares of Tesco in a report on Monday, July 6th. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy”.
Get Our Latest Stock Report on TSCDY
About Tesco
Tesco plc is a British multinational grocery and general merchandise retailer headquartered in Welwyn Garden City, England. The company serves customers through supermarkets, superstores, convenience stores and online grocery channels, offering food, household products, clothing, health and beauty items, and other general merchandise. Tesco also operates fuel stations and provides selected financial and mobile services through associated businesses and partnerships.
Tesco’s operations are concentrated in the United Kingdom and the Republic of Ireland, with additional stores in the Czech Republic, Hungary and Slovakia.