Tesco PLC (OTCMKTS:TSCDY) Short Interest Update

Tesco PLC (OTCMKTS:TSCDYGet Rating) was the target of a large growth in short interest during the month of April. As of April 30th, there was short interest totalling 1,500 shares, a growth of 400.0% from the April 15th total of 300 shares. Based on an average trading volume of 535,200 shares, the short-interest ratio is currently 0.0 days.

TSCDY opened at $9.99 on Thursday. The company has a current ratio of 0.76, a quick ratio of 0.61 and a debt-to-equity ratio of 0.43. The firm has a fifty day moving average price of $10.59 and a 200 day moving average price of $11.32. Tesco has a 1 year low of $9.16 and a 1 year high of $12.47.

Several research firms have recently commented on TSCDY. Kepler Capital Markets raised shares of Tesco from a “hold” rating to a “buy” rating in a report on Wednesday, February 2nd. Zacks Investment Research downgraded shares of Tesco from a “buy” rating to a “hold” rating in a report on Thursday, April 14th. Finally, Berenberg Bank dropped their price objective on shares of Tesco from GBX 327 ($4.03) to GBX 320 ($3.95) in a report on Tuesday, April 19th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $167.00.

About Tesco (Get Rating)

Tesco PLC, together with its subsidiaries, engages in retailing and retail banking activities. It provides food products through operating stores in the United Kingdom, Republic of Ireland, the Czech Republic, Slovakia, and Hungary, as well as through online. The company is also involved in the food wholesaling activities.

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