Tesco PLC (OTCMKTS:TSCDY – Get Free Report) saw a large increase in short interest in the month of July. As of July 15th, there was short interest totaling 120,823 shares, an increase of 69.7% from the June 30th total of 71,185 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 467,926 shares, the days-to-cover ratio is presently 0.3 days.
Tesco Trading Down 0.7%
Shares of OTCMKTS TSCDY opened at $19.94 on Friday. The company has a 50 day simple moving average of $18.64 and a 200 day simple moving average of $18.81. The company has a current ratio of 0.59, a quick ratio of 0.39 and a debt-to-equity ratio of 0.47. Tesco has a 1 year low of $16.47 and a 1 year high of $20.54.
Wall Street Analysts Forecast Growth
A number of research analysts recently weighed in on TSCDY shares. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Tesco in a report on Monday, April 13th. Citigroup assumed coverage on shares of Tesco in a report on Tuesday, May 5th. They set a “buy” rating on the stock. Erste Group Bank began coverage on Tesco in a research note on Tuesday, May 5th. They issued a “buy” rating for the company. Finally, Morgan Stanley restated an “overweight” rating on shares of Tesco in a research note on Monday, July 6th. Five analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Tesco currently has a consensus rating of “Moderate Buy”.
Tesco Company Profile
Tesco PLC is a British multinational grocery and general merchandise retailer headquartered in Welwyn Garden City, Hertfordshire. Founded in 1919 by Jack Cohen as a market stall, the company expanded into a nationwide chain of supermarkets and has grown into one of the largest retailers in the United Kingdom. Tesco operates a range of store formats designed to serve different customer needs, including large-format hypermarkets, standard supermarkets and smaller convenience stores, along with an extensive online grocery and home delivery service.
The company’s core activities include the retail sale of food and non-food products, development and distribution of own-label ranges (from value to premium), and provision of convenience and fuel forecourt services.
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