J. Sainsbury PLC (OTCMKTS:JSAIY) Stock Short Interest Jumps 95.4%

J. Sainsbury PLC (OTCMKTS:JSAIY) was the target of a significant growth in short interest in September. As of September 30th, there was short interest totaling 25,610 shares, a growth of 95.4% from the September 15th total of 13,109 shares. Based on an average trading volume of 57,608 shares, the short-interest ratio is currently 0.4 days. Currently, 0.0% of the company’s stock are short sold.

J. Sainsbury Stock Performance

OTCMKTS JSAIY traded up $0.06 during trading on Wednesday, reaching $18.18. The company’s stock had a trading volume of 16,580 shares, compared to its average volume of 51,219. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.24 and a current ratio of 0.56. J. Sainsbury has a 12 month low of $15.87 and a 12 month high of $19.90. The firm has a 50 day moving average price of $18.09 and a 200 day moving average price of $17.89.

Analysts Set New Price Targets

JSAIY has been the topic of several recent analyst reports. The Goldman Sachs Group raised J. Sainsbury from a “sell” rating to a “hold” rating in a research report on Monday, August 3rd. Zacks Research raised J. Sainsbury from a “strong sell” rating to a “hold” rating in a research report on Monday, June 29th. Citigroup restated a “neutral” rating on shares of J. Sainsbury in a research note on Monday, September 28th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of J. Sainsbury in a research report on Tuesday, August 4th. One analyst has rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold”.

J. Sainsbury Company Profile

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.