Tesco PLC (OTCMKTS:TSCDY – Get Free Report) was the target of a significant decrease in short interest in 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 volume of 1,216,500 shares, the short-interest ratio is currently 0.1 days.
Tesco Trading Down 0.8 %
Tesco stock traded down $0.12 during mid-day trading on Friday, reaching $13.89. 63,872 shares of the company traded hands, compared to its average volume of 444,058. Tesco has a fifty-two week low of $10.36 and a fifty-two week high of $14.85. The firm’s fifty day moving average is $13.85 and its two-hundred day moving average is $13.77.
Analysts Set New Price Targets
A number of analysts have recently weighed in on TSCDY shares. Royal Bank of Canada began coverage on Tesco in a research report on Tuesday, November 19th. They issued a “sector perform” rating for the company. BNP Paribas started coverage on Tesco in a report on Friday, October 18th. They issued an “outperform” 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.
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