J. Sainsbury PLC (OTCMKTS:JSAIY) Short Interest Down 70.2% in April

J. Sainsbury PLC (OTCMKTS:JSAIY) was the target of a significant decline in short interest in April. As of April 30th, there was short interest totaling 45,376 shares, a decline of 70.2% from the April 15th total of 152,276 shares. Based on an average trading volume of 97,330 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.0% of the company’s stock are short sold.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on JSAIY. Zacks Research cut J. Sainsbury from a “hold” rating to a “strong sell” rating in a research note on Friday, April 24th. The Goldman Sachs Group cut shares of J. Sainsbury from a “strong-buy” rating to a “sell” rating in a report on Monday, April 27th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of J. Sainsbury in a report on Monday, April 13th. Finally, Citigroup cut shares of J. Sainsbury from a “buy” rating to a “neutral” rating in a research note on Tuesday, April 28th. One research analyst has rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, J. Sainsbury currently has a consensus rating of “Reduce”.

J. Sainsbury Trading Down 0.4%

Shares of OTCMKTS JSAIY traded down $0.08 during midday trading on Thursday, reaching $16.69. 54,778 shares of the stock traded hands, compared to its average volume of 43,840. The company’s 50 day moving average is $18.42 and its 200 day moving average is $18.16. J. Sainsbury has a one year low of $14.91 and a one year high of $19.90. The company has a quick ratio of 0.31, a current ratio of 0.62 and a debt-to-equity ratio of 0.16.

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.