Tesco PLC (OTCMKTS:TSCDY) Short Interest Down 83.9% in July

Key Points

• Tesco PLC saw a significant decline in short interest, dropping 83.9% from 221,400 shares to 35,600 shares as of July 31st.
• The company's stock currently has a Moderate Buy rating from analysts, with two analysts giving it a buy rating and one a strong buy rating.
• Tesco's stock price is currently $16.95, with a one-year trading range between $12.16 and $17.68.

Tesco PLC (OTCMKTS:TSCDY - Get Free Report) was the target of a significant drop in short interest during the month of July. As of July 31st, there was short interest totaling 35,600 shares, adropof83.9% from the July 15th total of 221,400 shares. Based on an average daily volume of 494,800 shares, the days-to-cover ratio is presently 0.1 days. Approximately0.0% of the company's shares are short sold. Approximately0.0% of the company's shares are short sold. Based on an average daily volume of 494,800 shares, the days-to-cover ratio is presently 0.1 days.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on TSCDY. Morgan Stanley restated an "overweight" rating on shares of Tesco in a research note on Tuesday, June 3rd. Zacks Research upgraded Tesco to a "hold" rating in a research note on Tuesday, August 12th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, Tesco presently has an average rating of "Moderate Buy".

Tesco Trading Up 1.4%

Shares of TSCDY stock traded up $0.23 during trading hours on Tuesday, reaching $17.21. 21,267 shares of the company's stock were exchanged, compared to its average volume of 425,629. Tesco has a 1 year low of $12.16 and a 1 year high of $17.6799. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.64 and a quick ratio of 0.44. The stock's fifty day moving average price is $16.73 and its two-hundred day moving average price is $15.22.

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.