J. Sainsbury PLC (OTCMKTS:JSAIY) Short Interest Update

J. Sainsbury PLC (OTCMKTS:JSAIY) was the recipient of a significant growth in short interest in December. As of December 31st, there was short interest totaling 59,928 shares, a growth of 60.4% from the December 15th total of 37,355 shares. Based on an average daily volume of 39,281 shares, the days-to-cover ratio is currently 1.5 days. Approximately 0.0% of the company’s shares are sold short. Approximately 0.0% of the company’s shares are sold short. Based on an average daily volume of 39,281 shares, the days-to-cover ratio is currently 1.5 days.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on JSAIY shares. Kepler Capital Markets raised J. Sainsbury from a “strong sell” rating to a “hold” rating in a research note on Thursday, December 11th. Zacks Research upgraded shares of J. Sainsbury from a “strong sell” rating to a “hold” rating in a research report on Thursday, January 1st. Citigroup upgraded shares of J. Sainsbury to a “strong-buy” rating in a report on Friday, January 9th. Deutsche Bank Aktiengesellschaft upgraded J. Sainsbury to a “buy” rating in a report on Wednesday, December 10th. Finally, Jefferies Financial Group reaffirmed a “hold” rating on shares of J. Sainsbury in a research report on Sunday, December 14th. Two analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and four have given a Hold rating to the company. According to MarketBeat, J. Sainsbury currently has an average rating of “Moderate Buy”.

J. Sainsbury Trading Down 0.5%

Shares of OTCMKTS JSAIY opened at $17.11 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.62 and a quick ratio of 0.31. J. Sainsbury has a twelve month low of $11.68 and a twelve month high of $19.17. The firm has a fifty day simple moving average of $17.54 and a 200 day simple moving average of $17.30.

About J. Sainsbury

J. Sainsbury PLC, trading in the United States under the ticker OTCMKTS:JSAIY, is one of the United Kingdom’s leading grocery retailers. Through its primary Sainsbury’s supermarket banner and smaller convenience formats under the Sainsbury’s Local name, the company offers a wide range of food and household products. In addition to its core retail operations, Sainsbury’s extends into general merchandise and clothing under the TU brand, serving both in-store and through its established e-commerce platform.

Founded in 1869 by John James Sainsbury and his wife Mary Ann, Sainsbury’s has grown from a single dairy shop in London’s Drury Lane to a nationwide retail network.