Tesco PLC (OTCMKTS:TSCDY) Short Interest Down 37.2% in July

Tesco PLC (OTCMKTS:TSCDYGet Rating) was the recipient of a large decrease in short interest in the month of July. As of July 15th, there was short interest totalling 70,000 shares, a decrease of 37.2% from the June 30th total of 111,500 shares. Based on an average trading volume of 947,500 shares, the days-to-cover ratio is presently 0.1 days.

Tesco Price Performance

Tesco stock opened at $9.61 on Friday. 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 stock has a 50 day moving average of $9.39 and a 200-day moving average of $10.49. Tesco has a 52 week low of $8.78 and a 52 week high of $12.47.

Tesco Cuts Dividend

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

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reduced their target price on Tesco from GBX 327 ($3.94) to GBX 320 ($3.86) in a research note on Tuesday, April 19th. Six analysts have rated the stock with a buy rating, According to MarketBeat.com, Tesco presently has an average rating of “Buy” and an average price target of $320.00.

Tesco Company Profile

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Tesco PLC, together with its subsidiaries, engages in retailing and retail banking activities. It provides food products through approximately 4,752 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 and drink wholesaling activities.

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