Tesco PLC (OTCMKTS:TSCDY) Sees Large Growth in Short Interest

Tesco PLC (OTCMKTS:TSCDY – Get Rating) was the target of a significant increase in short interest in May. As of May 15th, there was short interest totalling 6,600 shares, an increase of 340.0% from the April 30th total of 1,500 shares. Based on an average daily volume of 606,700 shares, the short-interest ratio is presently 0.0 days.

A number of equities research analysts have recently commented on the stock. Zacks Investment Research cut shares of Tesco from a “buy” rating to a “hold” rating in a research report on Thursday, April 14th. Berenberg Bank reduced their target price on shares of Tesco from GBX 327 ($4.11) to GBX 320 ($4.03) in a research report on Tuesday, April 19th. Finally, Kepler Capital Markets upgraded shares of Tesco from a “hold” rating to a “buy” rating in a research report on Wednesday, February 2nd. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $167.00.

Tesco stock opened at $9.59 on Thursday. Tesco has a 12-month low of $9.16 and a 12-month high of $12.47. The company has a 50-day moving average price of $10.41 and a 200 day moving average price of $11.22. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.61 and a current ratio of 0.76.

The business also recently declared a dividend, which will be paid on Friday, July 1st. Shareholders of record on Friday, May 20th will be given a dividend of $0.2964 per share. This represents a dividend yield of 4.13%. The ex-dividend date of this dividend is Thursday, May 19th.

Tesco Company Profile (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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