Tesco PLC (OTCMKTS:TSCDY) Short Interest Down 83.9% in July

Tesco PLC (OTCMKTS:TSCDY) saw a large decrease in short interest in July. As of July 31st, there was short interest totaling 35,600 shares, adecreaseof83.9% from the July 15th total of 221,400 shares. Approximately0.0% of the company’s shares are short sold. Based on an average daily volume of 494,800 shares, the short-interest ratio is currently 0.1 days. Based on an average daily volume of 494,800 shares, the short-interest ratio is currently 0.1 days. Approximately0.0% of the company’s shares are short sold.

Analysts Set New Price Targets

A number of research firms have issued reports on TSCDY. Morgan Stanley restated an “overweight” rating on shares of Tesco in a report on Tuesday, June 3rd. Zacks Research upgraded shares of Tesco to a “hold” rating in a report on Tuesday. Two equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy”.

Tesco Price Performance

Shares of TSCDY stock opened at $16.95 on Friday. Tesco has a 1-year low of $12.16 and a 1-year high of $17.68. The company has a current ratio of 0.64, a quick ratio of 0.44 and a debt-to-equity ratio of 0.44. The firm’s 50-day simple moving average is $16.72 and its 200-day simple moving average is $15.19.

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.