Tesco PLC (OTCMKTS:TSCDY) Short Interest Down 59.8% in November

Tesco PLC (OTCMKTS:TSCDY) was the recipient of a significant decline in short interest in November. As of November 15th, there was short interest totalling 68,900 shares, a decline of 59.8% from the October 31st total of 171,600 shares. Based on an average trading volume of 810,100 shares, the days-to-cover ratio is currently 0.1 days.

Wall Street Analyst Weigh In

Several research firms recently issued reports on TSCDY. Citigroup raised shares of Tesco to a “strong-buy” rating in a research report on Friday, September 13th. BNP Paribas began coverage on shares of Tesco in a report on Friday, October 18th. They issued an “outperform” rating on the stock. Sanford C. Bernstein raised Tesco to a “strong-buy” rating in a research note on Tuesday, August 13th. Finally, Royal Bank of Canada started coverage on Tesco in a research report on Tuesday, November 19th. They set a “sector perform” rating for the company.

Tesco Trading Up 3.0 %

TSCDY traded up $0.39 during trading on Thursday, hitting $13.58. The company’s stock had a trading volume of 298,238 shares, compared to its average volume of 380,948. 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 one year low of $10.36 and a one year high of $14.85. The business’s 50 day simple moving average is $13.87 and its 200-day simple moving average is $13.14.

Tesco Cuts Dividend

The business also recently declared a dividend, which will be paid on Monday, December 2nd. Shareholders of record on Tuesday, October 15th will be paid a $0.1692 dividend. The ex-dividend date is Tuesday, October 15th.

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.