Tesco PLC (OTCMKTS:TSCDY) Short Interest Update

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 recipient of a significant decrease in short interest in the month of July. As of July 31st, there was short interest totaling 35,600 shares, adecreaseof83.9% from the July 15th total of 221,400 shares. Approximately0.0% of the shares of the stock are sold short. Based on an average daily volume of 494,800 shares, the short-interest ratio is presently 0.1 days. Based on an average daily volume of 494,800 shares, the short-interest ratio is presently 0.1 days. Approximately0.0% of the shares of the stock are sold short.

Wall Street Analysts Forecast Growth

TSCDY has been the topic of several research reports. Zacks Research raised Tesco to a "hold" rating in a report on Tuesday, August 12th. Morgan Stanley reaffirmed an "overweight" rating on shares of Tesco in a report on Tuesday, June 3rd. Two research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy".

Tesco Price Performance

OTCMKTS:TSCDY traded down $0.04 during trading hours on Friday, reaching $16.95. The company's stock had a trading volume of 74,994 shares, compared to its average volume of 176,694. Tesco has a one year low of $12.16 and a one year high of $17.68. The business's 50-day moving average is $16.72 and its 200-day moving average is $15.19. The company has a current ratio of 0.64, a quick ratio of 0.44 and a debt-to-equity ratio of 0.44.

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.