Short Interest in J. Sainsbury PLC (OTCMKTS:JSAIY) Declines By 15.9%

J. Sainsbury PLC (OTCMKTS:JSAIY) saw a significant decline in short interest during the month of April. As of April 15th, there was short interest totaling 152,276 shares, a decline of 15.9% from the March 31st total of 181,034 shares. Based on an average daily volume of 74,514 shares, the days-to-cover ratio is currently 2.0 days. Approximately 0.0% of the company’s shares are short sold.

Analyst Upgrades and Downgrades

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

J. Sainsbury Trading Up 2.1%

Shares of JSAIY opened at $18.04 on Friday. The company has a quick ratio of 0.31, a current ratio of 0.62 and a debt-to-equity ratio of 0.16. The firm’s fifty day simple moving average is $18.73 and its two-hundred day simple moving average is $18.22. J. Sainsbury has a 12 month low of $14.04 and a 12 month high of $19.90.

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.