Tesco PLC (OTCMKTS:TSCDY) Short Interest Down 61.9% in January

Tesco PLC (OTCMKTS:TSCDY - Get Free Report) was the target of a significant decrease in short interest in the month of January. As of January 15th, there was short interest totalling 177,200 shares, a decrease of 61.9% from the December 31st total of 464,500 shares. Based on an average daily trading volume, of 1,216,500 shares, the days-to-cover ratio is currently 0.1 days.

Wall Street Analysts Forecast Growth

TSCDY has been the subject of a number of research analyst reports. BNP Paribas initiated coverage on shares of Tesco in a research report on Friday, October 18th. They issued an "outperform" rating for the company. Royal Bank of Canada assumed coverage on shares of Tesco in a research report on Tuesday, November 19th. They set a "sector perform" rating on the stock.

Tesco Stock Down 0.8 %

Shares of Tesco stock traded down $0.12 during mid-day trading on Monday, reaching $13.89. 63,872 shares of the stock were exchanged, compared to its average volume of 437,671. Tesco has a fifty-two week low of $10.36 and a fifty-two week high of $14.85. The company has a current ratio of 0.81, a quick ratio of 0.67 and a debt-to-equity ratio of 0.48. The firm has a 50-day simple moving average of $13.85 and a 200 day simple moving average of $13.79.

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.