Short Interest in Tesco PLC (OTCMKTS:TSCDY) Increases By 143.9%

Tesco PLC (OTCMKTS:TSCDY) was the target of a large growth in short interest in September. As of September 30th, there was short interest totaling 139,000 shares, a growth of 143.9% from the September 15th total of 57,000 shares. Based on an average daily volume of 258,700 shares, the days-to-cover ratio is currently 0.5 days. Based on an average daily volume of 258,700 shares, the days-to-cover ratio is currently 0.5 days.

Tesco Stock Performance

Shares of OTCMKTS TSCDY opened at $18.08 on Tuesday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.44 and a current ratio of 0.64. The company has a 50 day simple moving average of $17.78 and a 200-day simple moving average of $16.44. Tesco has a 1 year low of $12.16 and a 1 year high of $18.53.

Tesco Cuts Dividend

The firm also recently announced a dividend, which will be paid on Monday, December 1st. Shareholders of record on Monday, October 13th will be given a $0.1906 dividend. The ex-dividend date is Friday, October 10th. This represents a yield of 315.0%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Zacks Research upgraded Tesco from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 7th. Barclays restated an “overweight” rating on shares of Tesco in a report on Tuesday, August 26th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, Tesco has an average rating of “Buy”.

Tesco Company Profile

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.