JD Sports Fashion Plc (OTCMKTS:JDSPY) Sees Significant Growth in Short Interest

JD Sports Fashion Plc (OTCMKTS:JDSPY) saw a large increase in short interest in the month of September. As of September 30th, there was short interest totaling 56 shares. Based on an average daily volume of 21,139 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are sold short.

JD Sports Fashion Stock Up 4.5%

Shares of OTCMKTS JDSPY traded up $0.05 during trading on Thursday, hitting $1.17. The company had a trading volume of 5,802 shares, compared to its average volume of 12,513. JD Sports Fashion has a 52 week low of $0.84 and a 52 week high of $1.32. The business’s 50-day moving average is $1.09 and its 200 day moving average is $1.06. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.51 and a quick ratio of 0.51.

Analysts Set New Price Targets

A number of research firms have recently commented on JDSPY. Royal Bank Of Canada downgraded JD Sports Fashion from an “outperform” rating to a “sector perform” rating in a research note on Monday, August 3rd. Barclays raised JD Sports Fashion to a “hold” rating in a research note on Wednesday, September 2nd. BNP Paribas Exane raised JD Sports Fashion from a “neutral” rating to an “outperform” rating in a research note on Friday, July 24th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of JD Sports Fashion in a report on Tuesday, July 14th. Finally, Citigroup reiterated a “neutral” rating on shares of JD Sports Fashion in a research report on Wednesday, September 30th. One investment analyst has rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, JD Sports Fashion presently has an average rating of “Hold”.

About JD Sports Fashion

JD Sports Fashion plc is a United Kingdom-based multichannel retailer specializing in sports-inspired footwear, apparel and accessories. The company sells products from leading athletic and lifestyle brands, including Nike, adidas and other international labels, alongside merchandise from its own and exclusive brands.

The company operates through a portfolio of retail banners that includes JD Sports, Size?, Finish Line, DTLR and Hibbett. Its operations span physical stores and e-commerce platforms, serving customers across the United Kingdom, Europe, North America, Asia-Pacific and other international markets.

JD Sports was founded in 1981 in Bury, England, by John Wardle and David Makin.