Tesco PLC (OTCMKTS:TSCDY) Short Interest Up 442.6% in December

Tesco PLC (OTCMKTS:TSCDY) was the target of a significant growth in short interest during the month of December. As of December 15th, there was short interest totalling 312,000 shares, a growth of 442.6% from the November 30th total of 57,500 shares. Based on an average daily trading volume, of 455,000 shares, the days-to-cover ratio is currently 0.7 days.

Tesco Stock Down 1.4 %

OTCMKTS TSCDY traded down $0.19 during trading hours on Friday, hitting $14.02. The company had a trading volume of 176,527 shares, compared to its average volume of 369,435. The firm has a 50 day simple moving average of $13.77 and a 200 day simple moving average of $13.46. Tesco has a 52 week low of $10.36 and a 52 week high of $14.85.

Tesco Cuts Dividend

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

Analyst Upgrades and Downgrades

Several equities research analysts have commented on TSCDY shares. Royal Bank of Canada assumed coverage on shares of Tesco in a report on Tuesday, November 19th. They set a “sector perform” rating on the stock. Citigroup upgraded shares of Tesco to a “strong-buy” rating in a research note on Friday, September 13th. Finally, BNP Paribas began coverage on shares of Tesco in a research note 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.