Tesco PLC (OTCMKTS:TSCDY) Short Interest Up 314.0% in August

Key Points

• TESCO's short interest surged by 314.0% in August, reaching a total of 168,100 shares, which significantly increased from 40,600 shares on August 15th.
• Wall Street analysts hold a consensus rating of "Moderate Buy" for Tesco, with one analyst rating it as Strong Buy, three as Buy, and two as Hold.
• Currently, Tesco's stock price is $18.02, up 0.8%, with a 1-year high of $18.12 and a low of $12.16.

Tesco PLC (OTCMKTS:TSCDY - Get Free Report) was the recipient of a large increase in short interest in the month of August. As of August 31st, there was short interest totaling 168,100 shares, an increase of 314.0% from the August 15th total of 40,600 shares. Approximately 0.0% of the company's shares are sold short. Based on an average daily volume of 189,800 shares, the days-to-cover ratio is currently 0.9 days. Based on an average daily volume of 189,800 shares, the days-to-cover ratio is currently 0.9 days. Approximately 0.0% of the company's shares are sold short.

Tesco Price Performance

Tesco stock traded up $0.02 during midday trading on Wednesday, reaching $18.20. The company's stock had a trading volume of 92,427 shares, compared to its average volume of 388,308. Tesco has a fifty-two week low of $12.16 and a fifty-two week high of $18.31. The company has a quick ratio of 0.44, a current ratio of 0.64 and a debt-to-equity ratio of 0.44. The business has a 50-day simple moving average of $17.23 and a 200-day simple moving average of $15.68.

Analyst Ratings Changes

A number of brokerages have weighed in on TSCDY. Barclays reaffirmed an "overweight" rating on shares of Tesco in a research report on Tuesday, August 26th. Zacks Research upgraded Tesco to a "hold" rating in a research note on Tuesday, August 12th. Finally, Morgan Stanley reissued an "overweight" rating on shares of Tesco in a report on Tuesday, June 3rd. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Tesco currently has an average rating of "Moderate Buy".

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.