Tesco PLC (OTCMKTS:TSCDY) Short Interest Update

Tesco PLC (OTCMKTS:TSCDY) was the target of a large decline in short interest during the month of September. As of September 15th, there was short interest totaling 69,284 shares, a decline of 43.9% from the August 31st total of 123,609 shares. Based on an average trading volume of 457,176 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.0% of the shares of the company are sold short.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Morgan Stanley restated an “overweight” rating on shares of Tesco in a research note on Monday, July 6th. Erste Group Bank lowered shares of Tesco from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 27th. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

Tesco Stock Down 1.1%

OTCMKTS:TSCDY opened at $18.62 on Thursday. The company has a quick ratio of 0.39, a current ratio of 0.59 and a debt-to-equity ratio of 0.47. The stock has a 50 day moving average of $19.10 and a 200-day moving average of $18.97. Tesco has a 52 week low of $16.65 and a 52 week high of $20.54.

Tesco Company Profile

Tesco plc is a British multinational grocery and general merchandise retailer headquartered in Welwyn Garden City, England. The company serves customers through supermarkets, superstores, convenience stores and online grocery channels, offering food, household products, clothing, health and beauty items, and other general merchandise. Tesco also operates fuel stations and provides selected financial and mobile services through associated businesses and partnerships.

Tesco’s operations are concentrated in the United Kingdom and the Republic of Ireland, with additional stores in the Czech Republic, Hungary and Slovakia.