Tesco PLC (OTCMKTS:TSCDY) Short Interest Update

Tesco PLC (OTCMKTS:TSCDY) was the recipient of a significant decrease in short interest during the month of November. As of November 30th, there was short interest totalling 57,500 shares, a decrease of 16.5% from the November 15th total of 68,900 shares. Based on an average daily volume of 774,800 shares, the short-interest ratio is presently 0.1 days.

Tesco Price Performance

TSCDY stock opened at $14.20 on Monday. Tesco has a 1-year low of $10.36 and a 1-year high of $14.85. The business’s 50 day simple moving average is $13.77 and its 200 day simple moving average is $13.33.

Tesco Cuts Dividend

The business also recently disclosed a dividend, which was paid on Monday, December 2nd. Shareholders of record on Tuesday, October 15th were issued a $0.1692 dividend. The ex-dividend date of this dividend was Tuesday, October 15th.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. BNP Paribas started coverage on Tesco in a research report on Friday, October 18th. They set an “outperform” rating on the stock. Royal Bank of Canada started coverage on shares of Tesco in a report on Tuesday, November 19th. They set a “sector perform” rating on the stock. Finally, Citigroup raised shares of Tesco to a “strong-buy” rating in a research report on Friday, September 13th.

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.