J. Sainsbury PLC (OTCMKTS:JSAIY) Stock Short Interest Rises 95.4%

J. Sainsbury PLC (OTCMKTS:JSAIY) saw a large growth in short interest in the month of September. As of September 30th, there was short interest totaling 25,610 shares, a growth of 95.4% from the September 15th total of 13,109 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 57,608 shares, the days-to-cover ratio is presently 0.4 days.

Analyst Upgrades and Downgrades

Several analysts have recently commented on JSAIY shares. Zacks Research upgraded shares of J. Sainsbury from a “strong sell” rating to a “hold” rating in a research note on Monday, June 29th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of J. Sainsbury in a research note on Tuesday, August 4th. The Goldman Sachs Group raised J. Sainsbury from a “sell” rating to a “hold” rating in a research note on Monday, August 3rd. Finally, Citigroup restated a “neutral” rating on shares of J. Sainsbury in a research report on Monday, September 28th. One investment analyst has rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold”.

J. Sainsbury Stock Performance

J. Sainsbury stock traded up $0.17 during trading on Friday, hitting $18.82. The company’s stock had a trading volume of 17,897 shares, compared to its average volume of 51,019. The stock’s fifty day moving average is $18.06 and its 200 day moving average is $17.89. J. Sainsbury has a 1-year low of $15.87 and a 1-year 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.

About J. Sainsbury

J Sainsbury plc is a United Kingdom-based retail company operating under the Sainsbury’s brand. Its core business is the sale of groceries through supermarkets and convenience stores, offering fresh food, packaged food, household goods, beverages, and other everyday essentials through physical stores and online channels.

The company also operates Argos, a general merchandise retailer offering products such as consumer electronics, toys, home furnishings, appliances, and other goods through stores, collection points, and delivery services.