Tesco PLC (OTCMKTS:TSCDY) Sees Large Growth in Short Interest

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) saw a significant growth in short interest in August. As of August 31st, there was short interest totaling 168,100 shares, a growth of 314.0% from the August 15th total of 40,600 shares. Based on an average daily trading volume, of 189,800 shares, the short-interest ratio is currently 0.9 days. Currently, 0.0% of the shares of the company are short sold. Currently, 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 189,800 shares, the short-interest ratio is currently 0.9 days.

Tesco Stock Up 0.8%

OTCMKTS:TSCDY opened at $18.02 on Friday. The company has a current ratio of 0.64, a quick ratio of 0.44 and a debt-to-equity ratio of 0.44. The company's 50-day moving average is $17.14 and its two-hundred day moving average is $15.59. Tesco has a 1-year low of $12.16 and a 1-year high of $18.12.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on TSCDY. Morgan Stanley reaffirmed an "overweight" rating on shares of Tesco in a report on Tuesday, June 3rd. Zacks Research raised shares of Tesco to a "hold" rating in a research note on Tuesday, August 12th. Finally, Barclays reissued an "overweight" rating on shares of Tesco in a research note on Tuesday, August 26th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat, Tesco currently has a consensus 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.

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