Tesco PLC (OTCMKTS:TSCDY) Short Interest Update

Tesco PLC (OTCMKTS:TSCDY) was the recipient of a large increase in short interest in the month of June. As of June 15th, there was short interest totaling 147,456 shares, an increase of 116.9% from the May 31st total of 67,971 shares. Based on an average daily volume of 752,660 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.0% of the shares of the company are sold short.

Analyst Ratings Changes

TSCDY has been the topic of several recent analyst reports. Erste Group Bank initiated coverage on Tesco in a research report on Tuesday, May 5th. They issued a “buy” rating on the stock. Morgan Stanley initiated coverage on shares of Tesco in a research note on Monday, May 18th. They issued an “overweight” rating on the stock. Citigroup assumed coverage on shares of Tesco in a research report on Tuesday, May 5th. They set a “buy” rating on the stock. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Tesco in a research note on Monday, April 13th. Five investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Tesco presently has an average rating of “Moderate Buy”.

Tesco Trading Up 0.4%

Tesco stock opened at $18.45 on Thursday. The business has a 50 day moving average price of $18.61 and a two-hundred day moving average price of $18.61. The company has a quick ratio of 0.39, a current ratio of 0.59 and a debt-to-equity ratio of 0.47. Tesco has a 12 month low of $16.27 and a 12 month high of $20.54.

About Tesco

Tesco PLC is a British multinational grocery and general merchandise retailer headquartered in Welwyn Garden City, Hertfordshire. Founded in 1919 by Jack Cohen as a market stall, the company expanded into a nationwide chain of supermarkets and has grown into one of the largest retailers in the United Kingdom. Tesco operates a range of store formats designed to serve different customer needs, including large-format hypermarkets, standard supermarkets and smaller convenience stores, along with an extensive online grocery and home delivery service.

The company’s core activities include the retail sale of food and non-food products, development and distribution of own-label ranges (from value to premium), and provision of convenience and fuel forecourt services.