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

Tesco PLC (OTCMKTS:TSCDY) saw a large increase in short interest during 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 daily volume of 462,700 shares, the short-interest ratio is presently 1.0 days.

Analyst Upgrades and Downgrades

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

Tesco Trading Up 1.4 %

TSCDY stock traded up $0.18 on Thursday, reaching $13.28. 153,984 shares of the company were exchanged, compared to its average volume of 414,091. Tesco has a 12 month low of $10.36 and a 12 month high of $14.85. The stock’s fifty day moving average price is $13.78 and its 200 day moving average price is $13.66.

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.