Tesco PLC (OTCMKTS:TSCDY) Short Interest Up 97.5% in February

Tesco PLC (OTCMKTS:TSCDY - Get Free Report) saw a large increase in short interest during the month of February. As of February 28th, there was short interest totalling 157,600 shares, an increase of 97.5% from the February 13th total of 79,800 shares. Based on an average trading volume of 278,600 shares, the short-interest ratio is currently 0.6 days. Currently, 0.0% of the shares of the stock are sold short.

Tesco Stock Performance

Shares of OTCMKTS TSCDY traded down $0.01 during midday trading on Tuesday, reaching $12.80. 357,118 shares of the stock were exchanged, compared to its average volume of 276,198. The company has a 50 day simple moving average of $14.14 and a 200 day simple moving average of $14.07. The company has a quick ratio of 0.67, a current ratio of 0.81 and a debt-to-equity ratio of 0.48. Tesco has a twelve month low of $10.54 and a twelve month high of $15.16.

Analysts Set New Price Targets

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

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.