Tesco PLC (OTCMKTS:TSCDY) Short Interest Update

Tesco PLC (OTCMKTS:TSCDY) was the target of a significant drop in short interest during the month of January. As of January 15th, there was short interest totalling 177,200 shares, a drop of 61.9% from the December 31st total of 464,500 shares. Based on an average daily volume of 1,216,500 shares, the days-to-cover ratio is presently 0.1 days.

Wall Street Analyst Weigh In

Several brokerages recently commented on TSCDY. Royal Bank of Canada assumed coverage on Tesco in a research note on Tuesday, November 19th. They issued a “sector perform” rating on the stock. BNP Paribas initiated coverage on shares of Tesco in a research report on Friday, October 18th. They set an “outperform” rating on the stock.

Tesco Trading Up 1.4 %

Shares of TSCDY stock traded up $0.19 on Thursday, hitting $14.01. 176,176 shares of the stock traded hands, compared to its average volume of 476,021. The firm’s 50-day moving average price is $13.82 and its two-hundred day moving average price is $13.76. Tesco has a twelve month low of $10.36 and a twelve month high of $14.85.

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.