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

J. Sainsbury PLC (OTCMKTS:JSAIY) was the target of a large decrease in short interest in the month of July. As of July 31st, there was short interest totaling 34,619 shares, a decrease of 48.0% from the July 15th total of 66,554 shares. Based on an average daily volume of 258,357 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are sold short.

J. Sainsbury Price Performance

OTCMKTS:JSAIY traded up $0.04 during midday trading on Friday, hitting $18.67. 43,770 shares of the company traded hands, compared to its average volume of 120,192. The firm’s fifty day moving average is $18.00 and its 200-day moving average is $18.13. J. Sainsbury has a 12-month low of $15.87 and a 12-month high of $19.90. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.24 and a current ratio of 0.56.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Citigroup reissued a “neutral” rating on shares of J. Sainsbury in a research note on Friday, August 7th. The Goldman Sachs Group raised J. Sainsbury from a “sell” rating to a “hold” rating in a report on Monday, August 3rd. Zacks Research upgraded J. Sainsbury from a “strong sell” rating to a “hold” rating in a research report on Monday, June 29th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of J. Sainsbury in a report on Tuesday, August 4th. One analyst has rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold”.

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.