Tesco PLC (OTCMKTS:TSCDY) Short Interest Update

Tesco PLC (OTCMKTS:TSCDY) saw a large decrease in short interest during the month of June. As of June 30th, there was short interest totaling 71,185 shares, a decrease of 51.7% from the June 15th total of 147,456 shares. Based on an average trading volume of 797,988 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are short sold.

Analyst Ratings Changes

A number of analysts recently commented on TSCDY shares. Citigroup began coverage on shares of Tesco in a report on Tuesday, May 5th. They issued a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Tesco in a research report on Monday, April 13th. Erste Group Bank started coverage on Tesco in a report on Tuesday, May 5th. They issued a “buy” rating on the stock. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Tesco in a research report on Monday, July 6th. Five investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy”.

Tesco Trading Up 1.8%

TSCDY opened at $19.14 on Wednesday. The stock has a fifty day moving average of $18.48 and a 200-day moving average of $18.68. Tesco has a 12-month low of $16.47 and a 12-month high of $20.54. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.39 and a current ratio of 0.59.

About Tesco

Tesco PLC is a British multinational grocery and general merchandise retailer headquartered in Welwyn Garden City, Hertfordshire. Founded in 1919 by Jack Cohen as a market stall, the company expanded into a nationwide chain of supermarkets and has grown into one of the largest retailers in the United Kingdom. Tesco operates a range of store formats designed to serve different customer needs, including large-format hypermarkets, standard supermarkets and smaller convenience stores, along with an extensive online grocery and home delivery service.

The company’s core activities include the retail sale of food and non-food products, development and distribution of own-label ranges (from value to premium), and provision of convenience and fuel forecourt services.