Tesco PLC (OTCMKTS:TSCDY) Sees Large Drop in Short Interest

Tesco PLC (OTCMKTS:TSCDY - Get Free Report) was the target of a large decrease in short interest during the month of January. As of January 31st, there was short interest totalling 53,100 shares, a decrease of 70.0% from the January 15th total of 177,200 shares. Based on an average daily trading volume, of 434,900 shares, the short-interest ratio is currently 0.1 days.

Tesco Price Performance

Shares of OTCMKTS TSCDY traded up $0.04 during mid-day trading on Friday, reaching $15.03. The company had a trading volume of 110,539 shares, compared to its average volume of 252,294. The business's 50-day simple moving average is $14.00 and its 200 day simple moving average is $13.90. Tesco has a one year low of $10.49 and a one year high of $15.09. The company has a quick ratio of 0.67, a current ratio of 0.81 and a debt-to-equity ratio of 0.48.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada started coverage on Tesco in a research note on Tuesday, November 19th. They issued a "sector perform" rating for the company.

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.