Tesco PLC (OTCMKTS:TSCDY) Short Interest Update

Tesco PLC (OTCMKTS:TSCDY - Get Free Report) was the recipient of a significant increase in short interest in May. As of May 15th, there was short interest totalling 531,300 shares, an increase of 23.7% from the April 30th total of 429,500 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 973,600 shares, the days-to-cover ratio is currently 0.5 days.

Tesco Trading Up 0.1%

Shares of Tesco stock traded up $0.01 on Wednesday, reaching $15.99. The stock had a trading volume of 189,047 shares, compared to its average volume of 500,445. The business's 50 day moving average is $14.50 and its two-hundred day moving average is $14.13. Tesco has a 1 year low of $11.42 and a 1 year high of $16.19. The company has a current ratio of 0.81, a quick ratio of 0.67 and a debt-to-equity ratio of 0.48.

Tesco Increases Dividend

The business also recently disclosed a dividend, which will be paid on Monday, July 7th. Stockholders of record on Monday, May 19th will be issued a dividend of $0.3636 per share. This is an increase from Tesco's previous dividend of $0.17. This represents a dividend yield of 3.44%. The ex-dividend date of this dividend is Friday, May 16th.

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.