Tesco PLC (OTCMKTS:TSCDY) Short Interest Up 701.8% in July

Tesco PLC (OTCMKTS:TSCDY) was the recipient of a significant growth in short interest during the month of July. As of July 15th, there was short interest totalling 2,048,600 shares, a growth of 701.8% from the June 30th total of 255,500 shares. Based on an average daily volume of 1,536,600 shares, the short-interest ratio is currently 1.3 days.

Tesco Price Performance

TSCDY stock traded down $0.11 during midday trading on Thursday, hitting $12.69. 122,663 shares of the company’s stock were exchanged, compared to its average volume of 410,976. The firm has a 50 day moving average price of $12.06 and a 200-day moving average price of $11.44. Tesco has a 12-month low of $9.33 and a 12-month high of $12.91. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.81 and a quick ratio of 0.68.

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.