Short Interest in Tesco PLC (OTCMKTS:TSCDY) Declines By 59.8%

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 daily trading volume, of 810,100 shares, the days-to-cover ratio is presently 0.1 days.

Analyst Upgrades and Downgrades

TSCDY has been the topic of a number of analyst reports. Sanford C. Bernstein upgraded Tesco to a “strong-buy” rating in a research note on Tuesday, August 13th. BNP Paribas began coverage on Tesco in a research note on Friday, October 18th. They issued an “outperform” rating on the stock. Citigroup upgraded Tesco to a “strong-buy” rating in a research report on Friday, September 13th. Finally, Royal Bank of Canada began coverage on Tesco in a research report on Tuesday, November 19th. They set a “sector perform” rating on the stock.

Tesco Stock Up 3.0 %

TSCDY opened at $13.58 on Friday. The business’s fifty day moving average is $13.85 and its two-hundred day moving average is $13.14. The company has a current ratio of 0.81, a quick ratio of 0.68 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.

Tesco Cuts Dividend

The company also recently announced a dividend, which will be paid on Monday, December 2nd. Shareholders of record on Tuesday, October 15th will be given a dividend of $0.1692 per share. The ex-dividend date of this dividend is Tuesday, October 15th.

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.