J. Sainsbury PLC (OTCMKTS:JSAIY) Sees Large Drop in Short Interest

J. Sainsbury PLC (OTCMKTS:JSAIY) was the recipient of a large drop in short interest in the month of August. As of August 14th, there was short interest totaling 21,098 shares, a drop of 39.1% from the July 30th total of 34,619 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 96,680 shares, the days-to-cover ratio is currently 0.2 days.

J. Sainsbury Trading Up 1.3%

J. Sainsbury stock traded up $0.23 during trading hours on Tuesday, hitting $18.21. The stock had a trading volume of 13,650 shares, compared to its average volume of 55,781. The company has a 50-day moving average of $18.39 and a two-hundred day moving average of $18.12. The company has a current ratio of 0.56, a quick ratio of 0.24 and a debt-to-equity ratio of 0.16. J. Sainsbury has a fifty-two week low of $15.87 and a fifty-two week high of $19.90.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on JSAIY shares. Citigroup restated a “neutral” rating on shares of J. Sainsbury in a report on Friday, August 7th. Zacks Research raised J. Sainsbury from a “strong sell” rating to a “hold” rating in a research report on Monday, June 29th. The Goldman Sachs Group upgraded J. Sainsbury from a “sell” rating to a “hold” rating in a research note on Monday, August 3rd. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of J. Sainsbury in a research report on Tuesday, August 4th. One investment analyst has rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold”.

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.