Short Interest in Tesco PLC (OTCMKTS:TSCDY) Grows By 50.3%

Tesco PLC (OTCMKTS:TSCDY) was the target of a significant growth in short interest during the month of February. As of February 15th, there was short interest totalling 79,800 shares, a growth of 50.3% from the January 31st total of 53,100 shares. Based on an average daily volume of 397,400 shares, the days-to-cover ratio is currently 0.2 days.

Analysts Set New Price Targets

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

Tesco Stock Up 0.3 %

Shares of OTCMKTS TSCDY opened at $14.49 on Monday. Tesco has a 52 week low of $10.54 and a 52 week high of $15.09. The stock has a 50 day moving average price of $14.06 and a 200 day moving average price of $14.03. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.81 and a quick ratio of 0.67.

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.