Tesco PLC (OTCMKTS:TSCDY) Short Interest Update

Tesco PLC (OTCMKTS:TSCDY) was the recipient of a significant growth in short interest during the month of June. As of June 15th, there was short interest totaling 147,456 shares, a growth of 116.9% from the May 31st total of 67,971 shares. Based on an average daily volume of 752,660 shares, the short-interest ratio is currently 0.2 days. Approximately 0.0% of the company’s shares are short sold.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Tesco in a report on Monday, April 13th. Erste Group Bank initiated coverage on shares of Tesco in a report on Tuesday, May 5th. They set a “buy” rating for the company. Morgan Stanley assumed coverage on Tesco in a research note on Monday, May 18th. They issued an “overweight” rating on the stock. Finally, Citigroup began coverage on Tesco in a report on Tuesday, May 5th. They set a “buy” rating on the stock. Five analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Tesco presently has an average rating of “Moderate Buy”.

Tesco Trading Down 0.1%

Shares of TSCDY stock opened at $18.36 on Wednesday. The stock has a fifty day moving average of $18.64 and a 200 day moving average of $18.61. Tesco has a 52 week low of $16.27 and a 52 week high of $20.54. The company has a quick ratio of 0.39, a current ratio of 0.59 and a debt-to-equity ratio of 0.47.

Tesco Company Profile

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.