J. Sainsbury PLC (OTCMKTS:JSAIY) Short Interest Update

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

Wall Street Analyst Weigh In

JSAIY has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of J. Sainsbury in a report on Tuesday, August 4th. Citigroup reaffirmed a “neutral” rating on shares of J. Sainsbury in a research note on Friday, August 7th. Zacks Research raised J. Sainsbury from a “strong sell” rating to a “hold” rating in a research note on Monday, June 29th. Finally, The Goldman Sachs Group upgraded J. Sainsbury from a “sell” rating to a “hold” rating in a report on Monday, August 3rd. One equities research analyst has rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, J. Sainsbury currently has a consensus rating of “Hold”.

J. Sainsbury Price Performance

Shares of J. Sainsbury stock traded down $0.58 during midday trading on Monday, hitting $18.09. The company had a trading volume of 20,556 shares, compared to its average volume of 57,489. The business’s 50 day simple moving average is $18.00 and its two-hundred day simple moving average is $18.13. The company has a current ratio of 0.56, a quick ratio of 0.24 and a debt-to-equity ratio of 0.16. J. Sainsbury has a 1-year low of $15.87 and a 1-year high of $19.90.

J. Sainsbury Company Profile

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.