J. Sainsbury PLC (OTCMKTS:JSAIY) Short Interest Down 70.3% in January

J. Sainsbury PLC (OTCMKTS:JSAIY) was the recipient of a significant decline in short interest in January. As of January 30th, there was short interest totaling 16,296 shares, a decline of 70.3% from the January 15th total of 54,811 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 100,364 shares, the short-interest ratio is presently 0.2 days. Based on an average daily volume of 100,364 shares, the short-interest ratio is presently 0.2 days. Currently, 0.0% of the company’s stock are short sold.

Analyst Ratings Changes

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

J. Sainsbury Trading Up 0.8%

Shares of JSAIY traded up $0.15 during mid-day trading on Thursday, reaching $19.36. 33,463 shares of the company’s stock were exchanged, compared to its average volume of 44,047. The business’s fifty day simple moving average is $17.78 and its 200-day simple moving average is $17.57. J. Sainsbury has a 52-week low of $11.68 and a 52-week high of $19.40. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.31 and a current ratio of 0.62.

J. Sainsbury Company Profile

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.