Tesco PLC (OTCMKTS:TSCDY) Short Interest Update

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

Analyst Ratings Changes

TSCDY has been the subject of several analyst reports. Citigroup raised Tesco to a “strong-buy” rating in a research report on Friday, September 13th. Royal Bank of Canada initiated coverage on Tesco in a research report on Tuesday, November 19th. They issued a “sector perform” rating for the company. Finally, BNP Paribas initiated coverage on Tesco in a research report on Friday, October 18th. They issued an “outperform” rating for the company.

Tesco Stock Up 1.5 %

TSCDY traded up $0.20 on Friday, hitting $14.21. 181,054 shares of the company traded hands, compared to its average volume of 370,210. The company has a 50 day moving average of $13.77 and a 200-day moving average of $13.44. Tesco has a 12-month low of $10.36 and a 12-month high of $14.85.

Tesco Cuts Dividend

The business also recently disclosed a dividend, which was paid on Monday, December 2nd. Shareholders of record on Tuesday, October 15th were paid a dividend of $0.1692 per share. The ex-dividend date of this dividend was Tuesday, October 15th.

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.