Tesco PLC (OTCMKTS:TSCDY) Short Interest Update

Tesco PLC (OTCMKTS:TSCDY) saw a large increase in short interest in June. As of June 30th, there was short interest totalling 255,500 shares, an increase of 321.6% from the June 15th total of 60,600 shares. Based on an average daily trading volume, of 956,900 shares, the days-to-cover ratio is currently 0.3 days.

Tesco Stock Up 1.4 %

Shares of Tesco stock traded up $0.17 during mid-day trading on Thursday, reaching $12.36. 161,789 shares of the stock were exchanged, compared to its average volume of 422,634. The company has a current ratio of 0.81, a quick ratio of 0.68 and a debt-to-equity ratio of 0.49. The firm has a 50-day simple moving average of $11.85 and a 200 day simple moving average of $11.34. Tesco has a fifty-two week low of $9.33 and a fifty-two week high of $12.37.

Tesco Increases Dividend

The company also recently announced a dividend, which was paid on Tuesday, July 9th. Investors of record on Friday, May 17th were given a dividend of $0.3061 per share. The ex-dividend date was Thursday, May 16th. This is a boost from Tesco’s previous dividend of $0.14.

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.