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 days-to-cover ratio is presently 1.0 days.

Wall Street Analysts Forecast Growth

A number of analysts have commented on TSCDY shares. Royal Bank of Canada assumed coverage on shares of Tesco in a report on Tuesday, November 19th. They set a “sector perform” rating for the company. BNP Paribas initiated coverage on Tesco in a report on Friday, October 18th. They issued an “outperform” rating for the company.

Tesco Stock Performance

TSCDY stock traded up $0.18 during mid-day trading on Thursday, hitting $13.28. 153,984 shares of the company were exchanged, compared to its average volume of 414,091. The firm’s 50 day simple moving average is $13.78 and its 200 day simple moving average is $13.66. Tesco has a 1-year low of $10.36 and a 1-year high of $14.85.

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.