Tesco PLC (OTCMKTS:TSCDY) Short Interest Update

Key Points

• Tesco PLC experienced a significant 66.1% drop in short interest in September, with a total of 57,000 shares, down from 168,100 shares in August.
• Analysts have a generally positive outlook on Tesco, with three analysts rating the stock as a Buy and an average rating of "Moderate Buy".
• The stock opened at $17.69, with a fifty-two week price range between $12.16 and $18.33, reflecting a stable performance in the retail sector.

Tesco PLC (OTCMKTS:TSCDY - Get Free Report) saw a large drop in short interest in the month of September. As of September 15th, there was short interest totaling 57,000 shares, a drop of 66.1% from the August 31st total of 168,100 shares. Based on an average trading volume of 174,500 shares, the short-interest ratio is presently 0.3 days. Based on an average trading volume of 174,500 shares, the short-interest ratio is presently 0.3 days.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Barclays reaffirmed an "overweight" rating on shares of Tesco in a report on Tuesday, August 26th. Zacks Research upgraded Tesco to a "hold" rating in a research report on Tuesday, August 12th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy".

Tesco Stock Performance

Shares of TSCDY stock opened at $17.69 on Thursday. Tesco has a fifty-two week low of $12.16 and a fifty-two week high of $18.33. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.44 and a current ratio of 0.64. The stock's 50-day simple moving average is $17.45 and its 200-day simple moving average is $15.92.

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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