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

J. Sainsbury PLC (OTCMKTS:JSAIY – Get Free Report) saw a large increase in short interest during the month of September. As of September 15th, there was short interest totaling 13,109 shares, an increase of 86.8% from the August 31st total of 7,019 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 42,808 shares, the days-to-cover ratio is currently 0.3 days.

Analyst Ratings Changes

A number of brokerages recently issued reports on JSAIY. 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. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of J. Sainsbury in a research note on Tuesday, August 4th. Zacks Research raised J. Sainsbury from a “strong sell” rating to a “hold” rating in a report on Monday, June 29th. Finally, Citigroup reaffirmed a “neutral” rating on shares of J. Sainsbury in a report on Monday. One research analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold”.

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J. Sainsbury Price Performance

OTCMKTS JSAIY traded down $0.55 during trading hours on Tuesday, reaching $17.34. The company’s stock had a trading volume of 16,046 shares, compared to its average volume of 52,731. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.24 and a current ratio of 0.56. The business has a 50-day simple moving average of $18.42 and a 200 day simple moving average of $17.96. J. Sainsbury has a 52 week low of $15.87 and a 52 week high of $19.90.

About J. Sainsbury

(Get Free Report)

J Sainsbury plc is a United Kingdom-based retail company that operates supermarkets, convenience stores and online grocery services under the Sainsbury’s brand. Its stores sell food, groceries, household products, clothing and other general merchandise, while the company also provides home delivery and collection services through its digital channels.

The company’s retail operations also include Argos, a general merchandise retailer offering products such as consumer electronics, home goods, toys and appliances through stores, digital channels and collection points.

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