J Sainsbury plc (OTCMKTS:JSNSF) Sees Significant Growth in Short Interest

J Sainsbury plc (OTCMKTS:JSNSF) saw a large growth in short interest during the month of January. As of January 30th, there was short interest totaling 1,071,313 shares, a growth of 179.9% from the January 15th total of 382,691 shares. Based on an average trading volume of 5,797 shares, the short-interest ratio is presently 184.8 days. Based on an average trading volume of 5,797 shares, the short-interest ratio is presently 184.8 days.

J Sainsbury Stock Performance

Shares of J Sainsbury stock remained flat at $4.66 during mid-day trading on Thursday. The firm has a fifty day moving average of $4.49 and a 200-day moving average of $4.39. J Sainsbury has a 12 month low of $2.80 and a 12 month high of $4.90.

J Sainsbury Company Profile

J Sainsbury plc is one of the United Kingdom’s leading food and grocery retailers, operating a network of supermarkets and convenience stores across England, Scotland and Wales. Founded in 1869 by John James Sainsbury and his wife Mary Ann, the company has grown from a single dairy shop in Drury Lane, London, into a diversified retail group serving millions of customers each week. In addition to its flagship Sainsbury’s supermarkets, the business operates smaller Sainsbury’s Local outlets to cater to urban and high-street shoppers.

The company’s core offerings include a wide range of fresh and packaged food products, household essentials and general merchandise.