Tesco PLC (OTCMKTS:TSCDY – Get Free Report) saw a large decline in short interest during the month of April. As of April 15th, there was short interest totalling 216,500 shares, a decline of 34.5% from the March 31st total of 330,600 shares. Based on an average daily volume of 215,700 shares, the days-to-cover ratio is presently 1.0 days.
Tesco Price Performance
TSCDY stock traded down $0.05 during midday trading on Friday, hitting $10.91. 86,070 shares of the company’s stock were exchanged, compared to its average volume of 120,606. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.81 and a quick ratio of 0.59. Tesco has a 12-month low of $9.30 and a 12-month high of $11.74. The firm has a 50 day moving average price of $11.01 and a 200-day moving average price of $10.81.
Tesco Increases Dividend
The firm also recently disclosed a dividend, which will be paid on Tuesday, July 9th. Shareholders of record on Friday, May 17th will be issued a dividend of $0.3061 per share. The ex-dividend date is Thursday, May 16th. This is an increase from Tesco’s previous dividend of $0.14.
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.
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