Tesco PLC (OTCMKTS:TSCDY) Short Interest Down 34.5% in April

Tesco PLC (OTCMKTS:TSCDY) saw a significant decrease in short interest during the month of April. As of April 15th, there was short interest totalling 216,500 shares, a decrease of 34.5% from the March 31st total of 330,600 shares. Based on an average daily trading volume, of 215,700 shares, the days-to-cover ratio is presently 1.0 days.

Tesco Price Performance

OTCMKTS TSCDY traded down $0.05 during trading hours on Friday, reaching $10.91. The company had a trading volume of 86,070 shares, compared to its average volume of 120,606. The stock has a 50-day moving average of $11.01 and a 200 day moving average of $10.81. Tesco has a 1-year low of $9.30 and a 1-year high of $11.74. The company has a current ratio of 0.81, a quick ratio of 0.59 and a debt-to-equity ratio of 0.49.

Tesco Increases Dividend

The business also recently announced a dividend, which will be paid on Tuesday, July 9th. Shareholders of record on Friday, May 17th will be given a $0.3061 dividend. The ex-dividend date is Thursday, May 16th. This is a boost from Tesco’s previous dividend of $0.14.

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.