Short Interest in Tesco PLC (OTCMKTS:TSCDY) Declines By 16.5%

Tesco PLC (OTCMKTS:TSCDY) saw a significant decrease in short interest in the month of November. As of November 30th, there was short interest totalling 57,500 shares, a decrease of 16.5% from the November 15th total of 68,900 shares. Based on an average trading volume of 774,800 shares, the short-interest ratio is presently 0.1 days.

Analysts Set New Price Targets

Several research firms have recently commented on TSCDY. BNP Paribas began coverage on Tesco in a research report on Friday, October 18th. They set an “outperform” rating for the company. Royal Bank of Canada began coverage on Tesco in a research report on Tuesday, November 19th. They set a “sector perform” rating for the company. Finally, Citigroup upgraded Tesco to a “strong-buy” rating in a research report on Friday, September 13th.

Tesco Trading Up 0.1 %

Shares of OTCMKTS TSCDY opened at $14.20 on Friday. Tesco has a 12-month low of $10.36 and a 12-month high of $14.85. The business’s fifty day simple moving average is $13.77 and its 200-day simple moving average is $13.31.

Tesco Cuts Dividend

The firm also recently declared a dividend, which was paid on Monday, December 2nd. Shareholders of record on Tuesday, October 15th were paid a $0.1692 dividend. The ex-dividend date of this dividend was Tuesday, October 15th.

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.