J. Sainsbury PLC (OTCMKTS:JSAIY) Short Interest Down 60.6% in May

J. Sainsbury PLC (OTCMKTS:JSAIY) was the target of a significant decrease in short interest in the month of May. As of May 15th, there was short interest totaling 17,875 shares, a decrease of 60.6% from the April 30th total of 45,376 shares. Based on an average daily volume of 96,396 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.0% of the shares of the stock are sold short.

J. Sainsbury Stock Performance

Shares of OTCMKTS JSAIY opened at $16.06 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.56 and a quick ratio of 0.31. J. Sainsbury has a 12 month low of $15.24 and a 12 month high of $19.90. The stock has a 50-day moving average price of $17.91 and a two-hundred day moving average price of $18.00.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Zacks Research cut shares of J. Sainsbury from a “hold” rating to a “strong sell” rating in a research report on Friday, April 24th. Citigroup cut shares of J. Sainsbury from a “buy” rating to a “neutral” rating in a research report on Tuesday, April 28th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of J. Sainsbury in a research report on Monday, April 13th. Finally, The Goldman Sachs Group cut shares of J. Sainsbury from a “strong-buy” rating to a “sell” rating in a research report on Monday, April 27th. One research analyst has rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce”.

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.