Short Interest in Tesco PLC (OTCMKTS:TSCDY) Drops By 16.5%

Tesco PLC (OTCMKTS:TSCDY - Get Free Report) saw a large decline in short interest during the month of November. As of November 30th, there was short interest totalling 57,500 shares, a decline of 16.5% from the November 15th total of 68,900 shares. Based on an average daily volume of 774,800 shares, the short-interest ratio is presently 0.1 days.

Analyst Upgrades and Downgrades

Several research firms have issued reports on TSCDY. Royal Bank of Canada began coverage on Tesco in a report on Tuesday, November 19th. They issued a "sector perform" rating on the stock. Citigroup raised Tesco to a "strong-buy" rating in a research report on Friday, September 13th. Finally, BNP Paribas initiated coverage on Tesco in a research report on Friday, October 18th. They issued an "outperform" rating for the company.

Tesco Stock Up 0.1 %

Shares of OTCMKTS:TSCDY traded up $0.02 during mid-day trading on Friday, hitting $14.20. The stock had a trading volume of 76,773 shares, compared to its average volume of 373,548. Tesco has a 12-month low of $10.36 and a 12-month high of $14.85. The company's 50 day moving average is $13.77 and its 200-day moving average is $13.31.

Tesco Cuts Dividend

The firm also recently announced a dividend, which was paid on Monday, December 2nd. Stockholders of record on Tuesday, October 15th were given a $0.1692 dividend. The ex-dividend date of this dividend was Tuesday, October 15th.

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.