J. Sainsbury PLC (OTCMKTS:JSAIY) Short Interest Down 48.0% in July

J. Sainsbury PLC (OTCMKTS:JSAIY) was the recipient of a large drop in short interest during the month of July. As of July 31st, there was short interest totaling 34,619 shares, a drop of 48.0% from the July 15th total of 66,554 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 258,357 shares, the days-to-cover ratio is presently 0.1 days.

J. Sainsbury Stock Performance

Shares of OTCMKTS:JSAIY traded up $0.04 during trading on Friday, hitting $18.67. The company’s stock had a trading volume of 43,770 shares, compared to its average volume of 120,192. The company has a 50-day moving average of $18.00 and a 200-day moving average of $18.13. J. Sainsbury has a 12 month low of $15.87 and a 12 month high of $19.90. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.56 and a quick ratio of 0.24.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on JSAIY. Zacks Research raised shares of J. Sainsbury from a “strong sell” rating to a “hold” rating in a report on Monday, June 29th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of J. Sainsbury in a report on Tuesday, August 4th. The Goldman Sachs Group raised shares of J. Sainsbury from a “sell” rating to a “hold” rating in a research report on Monday, August 3rd. Finally, Citigroup reiterated a “neutral” rating on shares of J. Sainsbury in a research note on Friday, August 7th. One equities research analyst has rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus 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.