Tesco PLC (OTCMKTS:TSCDY) Short Interest Update

Tesco PLC (OTCMKTS:TSCDY) was the recipient of a large drop in short interest during the month of July. As of July 31st, there was short interest totaling 35,600 shares, adropof83.9% from the July 15th total of 221,400 shares. Based on an average daily trading volume, of 494,800 shares, the short-interest ratio is currently 0.1 days. Approximately0.0% of the company’s shares are short sold. Approximately0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 494,800 shares, the short-interest ratio is currently 0.1 days.

Analysts Set New Price Targets

A number of brokerages have issued reports on TSCDY. Morgan Stanley reissued an “overweight” rating on shares of Tesco in a research note on Tuesday, June 3rd. Zacks Research upgraded Tesco to a “hold” rating in a report on Tuesday, August 12th. Two equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Tesco currently has a consensus rating of “Moderate Buy”.

Tesco Stock Down 0.2%

Shares of OTCMKTS TSCDY opened at $16.95 on Friday. Tesco has a twelve month low of $12.16 and a twelve month 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 business has a 50 day simple moving average of $16.72 and a 200-day simple moving average of $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.