J. Sainsbury PLC (OTCMKTS:JSAIY) Sees Significant Drop in Short Interest

J. Sainsbury PLC (OTCMKTS:JSAIY) was the recipient of a significant decline in short interest in May. As of May 15th, there was short interest totaling 17,875 shares, a decline of 60.6% from the April 30th total of 45,376 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 96,396 shares, the days-to-cover ratio is currently 0.2 days.

J. Sainsbury Stock Performance

OTCMKTS:JSAIY opened at $16.06 on Friday. The company has a 50 day simple moving average of $17.91 and a two-hundred day simple moving average of $18.00. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.56 and a quick ratio of 0.31. J. Sainsbury has a fifty-two week low of $15.24 and a fifty-two week high of $19.90.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Zacks Research downgraded J. Sainsbury from a “hold” rating to a “strong sell” rating in a research note on Friday, April 24th. The Goldman Sachs Group downgraded J. Sainsbury from a “strong-buy” rating to a “sell” rating in a research note on Monday, April 27th. Citigroup downgraded J. Sainsbury from a “buy” rating to a “neutral” rating in a research note on Tuesday, April 28th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of J. Sainsbury in a research note on Monday, April 13th. One equities research analyst has rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, J. Sainsbury presently has an average rating of “Reduce”.

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.