J. Sainsbury PLC (OTCMKTS:JSAIY) Stock Short Interest Jumps 86.8%

J. Sainsbury PLC (OTCMKTS:JSAIY) was the target of a large increase in short interest in the month of September. As of September 15th, there was short interest totaling 13,109 shares, an increase of 86.8% from the August 31st total of 7,019 shares. Based on an average daily trading volume, of 42,808 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.0% of the company’s shares are short sold.

Analyst Upgrades and Downgrades

JSAIY has been the subject of a number of recent analyst reports. Zacks Research upgraded J. Sainsbury from a “strong sell” rating to a “hold” rating in a report on Monday, June 29th. Citigroup reissued a “neutral” rating on shares of J. Sainsbury in a research report on Monday. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of J. Sainsbury in a report on Tuesday, August 4th. Finally, The Goldman Sachs Group raised shares of J. Sainsbury from a “sell” rating to a “hold” rating in a research note on Monday, August 3rd. One investment analyst has rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, J. Sainsbury currently has a consensus rating of “Hold”.

J. Sainsbury Stock Up 0.1%

Shares of JSAIY traded up $0.02 on Wednesday, reaching $17.54. The stock had a trading volume of 7,344 shares, compared to its average volume of 52,538. The company has a current ratio of 0.56, a quick ratio of 0.24 and a debt-to-equity ratio of 0.16. The company has a 50-day simple moving average of $18.39 and a 200-day simple moving average of $17.96. J. Sainsbury has a 12-month low of $15.87 and a 12-month high of $19.90.

About J. Sainsbury

J Sainsbury plc is a United Kingdom-based retail company operating under the Sainsbury’s brand. Its core business is the sale of groceries through supermarkets and convenience stores, offering fresh food, packaged food, household goods, beverages, and other everyday essentials through physical stores and online channels.

The company also operates Argos, a general merchandise retailer offering products such as consumer electronics, toys, home furnishings, appliances, and other goods through stores, collection points, and delivery services.