Tesco PLC (OTCMKTS:TSCDY) Sees Large Increase in Short Interest

Tesco PLC (OTCMKTS:TSCDY) was the recipient of a significant growth in short interest in December. As of December 31st, there was short interest totalling 464,500 shares, a growth of 48.9% from the December 15th total of 312,000 shares. Based on an average trading volume of 462,700 shares, the short-interest ratio is currently 1.0 days.

Wall Street Analysts Forecast Growth

TSCDY has been the subject of a number of recent research reports. BNP Paribas started coverage on shares of Tesco in a research note on Friday, October 18th. They issued an “outperform” rating for the company. Royal Bank of Canada started coverage on shares of Tesco in a report on Tuesday, November 19th. They issued a “sector perform” rating on the stock.

Tesco Trading Up 1.4 %

Shares of Tesco stock traded up $0.18 during trading hours on Wednesday, reaching $13.28. The stock had a trading volume of 153,984 shares, compared to its average volume of 732,845. The stock’s 50 day moving average is $13.78 and its 200 day moving average is $13.66. Tesco has a twelve month low of $10.36 and a twelve month 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.