Tesco PLC (OTCMKTS:TSCDY) Short Interest Up 97.5% in February

Tesco PLC (OTCMKTS:TSCDY) saw a significant increase in short interest in the month of February. As of February 28th, there was short interest totalling 157,600 shares, an increase of 97.5% from the February 13th total of 79,800 shares. Based on an average trading volume of 278,600 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.0% of the shares of the company are sold short.

Tesco Trading Down 1.1 %

Shares of OTCMKTS:TSCDY traded down $0.16 during trading on Friday, reaching $14.59. 63,519 shares of the company traded hands, compared to its average volume of 276,787. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.67 and a current ratio of 0.81. Tesco has a 52 week low of $10.54 and a 52 week high of $15.16. The company’s 50 day moving average is $14.19 and its two-hundred day moving average is $14.09.

Analysts Set New Price Targets

Separately, Royal Bank of Canada initiated coverage on shares of Tesco in a research note on Tuesday, November 19th. They issued a “sector perform” rating for the company.

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.