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

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

Wall Street Analyst Weigh In

JSAIY has been the topic of several analyst reports. Citigroup restated a “neutral” rating on shares of J. Sainsbury in a research note on Monday. Zacks Research raised 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 research report on Tuesday, August 4th. Finally, The Goldman Sachs Group raised 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 issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold”.

J. Sainsbury Stock Performance

Shares of OTCMKTS JSAIY traded down $0.55 during mid-day trading on Tuesday, reaching $17.34. 16,046 shares of the company traded hands, compared to its average volume of 52,731. J. Sainsbury has a fifty-two week low of $15.87 and a fifty-two week high of $19.90. The stock has a fifty day simple moving average of $18.42 and a 200-day simple moving average of $17.96. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.56 and a quick ratio of 0.24.

About J. Sainsbury

J Sainsbury plc is a United Kingdom-based retail company that operates supermarkets, convenience stores and online grocery services under the Sainsbury’s brand. Its stores sell food, groceries, household products, clothing and other general merchandise, while the company also provides home delivery and collection services through its digital channels.

The company’s retail operations also include Argos, a general merchandise retailer offering products such as consumer electronics, home goods, toys and appliances through stores, digital channels and collection points.