Tesco PLC (OTCMKTS:TSCDY) Sees Large Increase in Short Interest

Tesco PLC (OTCMKTS:TSCDY) was the recipient of a large increase in short interest during the month of December. As of December 31st, there was short interest totalling 464,500 shares, an increase of 48.9% from the December 15th total of 312,000 shares. Based on an average daily volume of 462,700 shares, the short-interest ratio is currently 1.0 days.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on TSCDY shares. Royal Bank of Canada started coverage on shares of Tesco in a research report on Tuesday, November 19th. They set a “sector perform” rating for the company. BNP Paribas started coverage on shares of Tesco in a research report on Friday, October 18th. They set an “outperform” rating for the company.

Tesco Stock Up 1.4 %

OTCMKTS TSCDY traded up $0.18 during trading hours on Wednesday, hitting $13.28. 153,984 shares of the company’s stock traded hands, compared to its average volume of 732,845. Tesco has a 52-week low of $10.36 and a 52-week high of $14.85. The firm’s 50-day moving average is $13.78 and its 200-day moving average is $13.66.

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.