Tesco PLC (OTCMKTS:TSCDY) Sees Significant Increase in Short Interest

Tesco PLC (OTCMKTS:TSCDY) was the target of a significant growth in short interest in February. As of February 15th, there was short interest totalling 79,800 shares, a growth of 50.3% from the January 31st total of 53,100 shares. Based on an average daily volume of 397,400 shares, the days-to-cover ratio is currently 0.2 days.

Analyst Upgrades and Downgrades

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

Tesco Stock Up 0.3 %

Shares of Tesco stock opened at $14.53 on Tuesday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.67 and a current ratio of 0.81. Tesco has a 52 week low of $10.54 and a 52 week high of $15.09. The stock’s 50-day simple moving average is $14.08 and its 200-day simple moving average is $14.04.

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.