Tesco PLC (OTCMKTS:TSCDY) Short Interest Down 34.5% in April

Tesco PLC (OTCMKTS:TSCDY - Get Free Report) saw a large decline in short interest in April. As of April 15th, there was short interest totalling 216,500 shares, a decline of 34.5% from the March 31st total of 330,600 shares. Based on an average daily trading volume, of 215,700 shares, the short-interest ratio is currently 1.0 days.

Tesco Price Performance

Shares of Tesco stock traded down $0.05 during trading on Friday, reaching $10.91. 86,070 shares of the company's stock were exchanged, compared to its average volume of 120,606. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.81 and a quick ratio of 0.59. Tesco has a 1-year low of $9.30 and a 1-year high of $11.74. The firm's 50-day moving average price is $11.01 and its 200 day moving average price is $10.81.

Tesco Increases Dividend

The firm also recently declared a dividend, which will be paid on Tuesday, July 9th. Stockholders of record on Friday, May 17th will be issued a dividend of $0.3061 per share. The ex-dividend date of this dividend is Thursday, May 16th. This is a boost from Tesco's previous dividend of $0.14.

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.