J. Sainsbury PLC (OTCMKTS:JSAIY) Stock Short Interest Declines 53.4%

J. Sainsbury PLC (OTCMKTS:JSAIY) was the target of a significant decrease in short interest in October. As of October 30th, there was short interest totaling 8,090 shares, a decrease of 53.4% from the October 15th total of 17,364 shares. Based on an average daily trading volume, of 49,103 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.0% of the company’s stock are sold short.

Wall Street Analyst Weigh In

JSAIY has been the subject of a number of analyst reports. Deutsche Bank lowered J. Sainsbury from a “buy” rating to a “hold” rating in a research report on Tuesday, October 27th. Citigroup reaffirmed a “neutral” rating on shares of J. Sainsbury in a report on Monday, September 28th. Finally, The Goldman Sachs Group upgraded shares of J. Sainsbury from a “sell” rating to a “hold” rating in a research note on Monday, August 3rd. Six analysts have rated the stock with a Hold rating. According to data from MarketBeat.com, J. Sainsbury presently has an average rating of “Hold”.

J. Sainsbury Price Performance

J. Sainsbury stock traded up $0.09 during mid-day trading on Friday, reaching $18.71. 15,884 shares of the company’s stock were exchanged, compared to its average volume of 103,155. The business’s fifty day simple moving average is $18.26 and its 200 day simple moving average is $18.17. 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 one year low of $15.87 and a one year high of $19.90.

About J. Sainsbury

J Sainsbury plc is a British retail company best known for operating the Sainsbury’s supermarket and convenience-store businesses. It sells food, groceries, household essentials and other everyday products through its stores and online shopping services. Founded in London in 1869 by John James Sainsbury and Mary Ann Sainsbury, the company has grown into a nationwide retailer. Its operations are primarily focused on the United Kingdom. Sainsbury’s also offers clothing and general merchandise through its retail operations and runs the Nectar customer loyalty programme.