Short Interest in Tesco PLC (OTCMKTS:TSCDY) Decreases By 81.0%

Tesco PLC (OTCMKTS:TSCDY) was the recipient of a large decline in short interest in the month of September. As of September 30th, there was short interest totalling 116,800 shares, a decline of 81.0% from the September 15th total of 615,900 shares. Based on an average daily trading volume, of 445,200 shares, the short-interest ratio is currently 0.3 days.

Tesco Stock Performance

TSCDY remained flat at $14.33 on Friday. The company had a trading volume of 41,931 shares, compared to its average volume of 490,419. The business has a fifty day simple moving average of $14.03 and a 200 day simple moving average of $12.55. The company has a quick ratio of 0.68, a current ratio of 0.81 and a debt-to-equity ratio of 0.49. Tesco has a 52-week low of $9.73 and a 52-week high of $14.85.

Tesco Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Monday, December 2nd. Stockholders of record on Tuesday, October 15th will be issued a $0.1692 dividend. The ex-dividend date of this dividend is Tuesday, October 15th.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on TSCDY. Sanford C. Bernstein upgraded shares of Tesco to a “strong-buy” rating in a report on Tuesday, August 13th. Citigroup raised Tesco to a “strong-buy” rating in a 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.