Tesco PLC (OTCMKTS:TSCDY) Short Interest Update

Tesco PLC (OTCMKTS:TSCDY) was the target of a significant growth in short interest during the month of October. As of October 31st, there was short interest totalling 171,600 shares, a growth of 65.2% from the October 15th total of 103,900 shares. Based on an average daily volume of 534,400 shares, the days-to-cover ratio is presently 0.3 days.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Sanford C. Bernstein raised shares of Tesco to a “strong-buy” rating in a report on Tuesday, August 13th. Citigroup raised Tesco to a “strong-buy” rating in a research note on Friday, September 13th. Finally, BNP Paribas assumed coverage on Tesco in a research report on Friday, October 18th. They set an “outperform” rating on the stock.

Tesco Stock Performance

TSCDY opened at $13.08 on Friday. Tesco has a 12-month low of $10.13 and a 12-month high of $14.85. The business’s fifty day simple moving average is $14.15 and its 200-day simple moving average is $13.01. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.81 and a quick ratio of 0.68.

Tesco Cuts Dividend

The firm also recently announced a dividend, which will be paid on Monday, December 2nd. Investors of record on Tuesday, October 15th will be given a dividend of $0.1692 per share. The ex-dividend date is Tuesday, October 15th.

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.