Tesco PLC (OTCMKTS:TSCDY) Short Interest Update

Tesco PLC (OTCMKTS:TSCDY) was the target of a large decrease in short interest in January. As of January 15th, there was short interest totalling 177,200 shares, a decrease of 61.9% from the December 31st total of 464,500 shares. Based on an average daily trading volume, of 1,216,500 shares, the short-interest ratio is currently 0.1 days.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. BNP Paribas assumed coverage on shares of Tesco in a research report on Friday, October 18th. They set an “outperform” rating on the stock. Royal Bank of Canada began coverage on shares of Tesco in a research note on Tuesday, November 19th. They issued a “sector perform” rating for the company.

Tesco Stock Performance

Tesco stock traded up $0.19 during midday trading on Thursday, hitting $14.01. 176,176 shares of the company were exchanged, compared to its average volume of 476,021. Tesco has a fifty-two week low of $10.36 and a fifty-two week high of $14.85. The company’s fifty day moving average price is $13.82 and its 200-day moving average price is $13.76.

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.