Tesco PLC (OTCMKTS:TSCDY) Short Interest Update

Tesco PLC (OTCMKTS:TSCDY) was the target of a significant drop in short interest in the month of July. As of July 31st, there was short interest totalling 656,900 shares, a drop of 67.9% from the July 15th total of 2,048,600 shares. Based on an average daily trading volume, of 240,600 shares, the days-to-cover ratio is currently 2.7 days.

Tesco Trading Up 1.4 %

Tesco stock traded up $0.19 on Wednesday, hitting $13.38. 70,353 shares of the stock traded hands, compared to its average volume of 380,757. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.68 and a current ratio of 0.81. The business’s fifty day simple moving average is $12.26 and its 200 day simple moving average is $11.58. Tesco has a 1 year low of $9.33 and a 1 year high of $13.38.

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.