Short Interest in J. Sainsbury PLC (OTCMKTS:JSAIY) Rises By 150.5%

J. Sainsbury PLC (OTCMKTS:JSAIY) saw a large growth in short interest in the month of June. As of June 15th, there was short interest totaling 34,871 shares, a growth of 150.5% from the May 31st total of 13,918 shares. Based on an average trading volume of 116,095 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.0% of the shares of the company are short sold.

J. Sainsbury Stock Up 0.3%

Shares of JSAIY stock traded up $0.05 during mid-day trading on Tuesday, hitting $17.09. 40,686 shares of the stock traded hands, compared to its average volume of 48,557. J. Sainsbury has a twelve month low of $15.24 and a twelve month high of $19.90. The company has a quick ratio of 0.24, a current ratio of 0.56 and a debt-to-equity ratio of 0.16. The company’s 50-day simple moving average is $16.99 and its 200-day simple moving average is $17.86.

Analysts Set New Price Targets

Several research analysts have recently issued reports on JSAIY shares. Zacks Research cut J. Sainsbury from a “hold” rating to a “strong sell” rating in a research note on Friday, April 24th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of J. Sainsbury in a report on Monday, April 13th. Citigroup lowered shares of J. Sainsbury from a “buy” rating to a “neutral” rating in a research report on Tuesday, April 28th. Finally, The Goldman Sachs Group cut shares of J. Sainsbury from a “strong-buy” rating to a “sell” rating in a research note on Monday, April 27th. One research analyst has rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, J. Sainsbury presently has an average rating of “Reduce”.

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.