J Sainsbury plc (OTCMKTS:JSAIY) Short Interest Update

J Sainsbury plc (OTCMKTS:JSAIYGet Rating) was the recipient of a large decrease in short interest in the month of March. As of March 31st, there was short interest totalling 15,900 shares, a decrease of 45.0% from the March 15th total of 28,900 shares. Based on an average daily volume of 66,800 shares, the short-interest ratio is presently 0.2 days.

Shares of JSAIY traded up $0.06 during trading hours on Friday, reaching $12.65. The company had a trading volume of 32,470 shares, compared to its average volume of 48,350. The firm has a 50 day simple moving average of $13.86 and a 200-day simple moving average of $14.98. J Sainsbury has a 12-month low of $12.37 and a 12-month high of $18.68.

A number of equities analysts have commented on the stock. Zacks Investment Research downgraded shares of J Sainsbury from a “hold” rating to a “sell” rating in a research report on Saturday. Jefferies Financial Group upgraded shares of J Sainsbury from a “hold” rating to a “buy” rating in a research report on Monday, April 11th. Four investment analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $16.37.

About J Sainsbury (Get Rating)

J Sainsbury plc, together with its subsidiaries, engages in the food, general merchandise and clothing retailing, and financial services activities in the United Kingdom and the Republic of Ireland. It operates through three segments: Retail – Food, Retail – General Merchandise and Clothing, and Financial Services.

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