Tesco PLC (OTCMKTS:TSCDY) Stock Short Interest Climbs 224.6%

Tesco PLC (OTCMKTS:TSCDY) saw a large growth in short interest in September. As of September 30th, there was short interest totaling 224,863 shares, a growth of 224.6% from the September 15th total of 69,284 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 649,777 shares, the days-to-cover ratio is currently 0.3 days.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Morgan Stanley reaffirmed an “overweight” rating on shares of Tesco in a research report on Monday, July 6th. Erste Group Bank lowered Tesco from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 27th. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Tesco has a consensus rating of “Moderate Buy”.

Tesco Stock Performance

OTCMKTS TSCDY opened at $20.29 on Tuesday. The company has a fifty day simple moving average of $19.04 and a 200 day simple moving average of $18.98. Tesco has a 12-month low of $16.65 and a 12-month high of $20.54. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.59 and a quick ratio of 0.39.

About Tesco

Tesco plc is a British multinational grocery and general merchandise retailer headquartered in Welwyn Garden City, England. The company serves customers through supermarkets, superstores, convenience stores and online grocery channels, offering food, household products, clothing, health and beauty items, and other general merchandise. Tesco also operates fuel stations and provides selected financial and mobile services through associated businesses and partnerships.

Tesco’s operations are concentrated in the United Kingdom and the Republic of Ireland, with additional stores in the Czech Republic, Hungary and Slovakia.