JD Sports Fashion Plc (OTCMKTS:JDSPY) Sees Significant Growth in Short Interest

JD Sports Fashion Plc (OTCMKTS:JDSPY) was the recipient of a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 1,713 shares, a growth of 118.5% from the August 15th total of 784 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 7,769 shares, the days-to-cover ratio is presently 0.2 days.

Analysts Set New Price Targets

JDSPY has been the topic of a number of research reports. Citigroup reiterated a “neutral” rating on shares of JD Sports Fashion in a report on Friday, August 21st. Zacks Research upgraded JD Sports Fashion to a “hold” rating in a research note on Friday, May 22nd. Royal Bank Of Canada cut JD Sports Fashion from an “outperform” rating to a “sector perform” rating in a research note on Monday, August 3rd. Barclays upgraded JD Sports Fashion to a “hold” rating in a report on Wednesday, September 2nd. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of JD Sports Fashion in a research note on Tuesday, July 14th. One research analyst has rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold”.

JD Sports Fashion Trading Down 0.3%

JDSPY opened at $0.97 on Wednesday. JD Sports Fashion has a 52 week low of $0.84 and a 52 week high of $1.39. The business’s 50 day moving average is $1.14 and its two-hundred day moving average is $1.05. The company has a quick ratio of 0.56, a current ratio of 1.51 and a debt-to-equity ratio of 0.91.

About JD Sports Fashion

JD Sports Fashion plc is a United Kingdom-based multichannel retailer specializing in sportswear, sneakers and athleisure apparel. Its product range includes footwear, clothing and accessories from major global sports brands, as well as selected private-label and exclusive products.

The company operates through a portfolio of retail banners that includes JD Sports, Size?, Finish Line, DTLR and other regionally focused brands. It serves customers through physical stores and e-commerce platforms, with operations across the United Kingdom and Europe, North America, Australia, New Zealand and selected markets in Asia-Pacific.

JD Sports was founded in 1981, when its first store opened in Bury, England.