Tesco PLC (OTCMKTS:TSCDY) Short Interest Up 48.9% in December

Tesco PLC (OTCMKTS:TSCDY) saw a large increase in short interest in the month of December. As of December 31st, there was short interest totalling 464,500 shares, an increase 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.

Analysts Set New Price Targets

A number of brokerages recently issued reports on TSCDY. Royal Bank of Canada initiated coverage on Tesco in a research report on Tuesday, November 19th. They set a “sector perform” rating on the stock. BNP Paribas began coverage on Tesco in a research report on Friday, October 18th. They set an “outperform” rating for the company.

Tesco Stock Up 0.2 %

TSCDY opened at $13.34 on Friday. The company has a 50 day moving average of $13.77 and a 200 day moving average of $13.65. Tesco has a 12 month low of $10.36 and a 12 month high of $14.85.

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.