J Sainsbury plc (OTCMKTS:JSAIY – Get Rating) saw a large drop in short interest during the month of April. As of April 30th, there was short interest totalling 2,700 shares, a drop of 80.1% from the April 15th total of 13,600 shares. Based on an average daily volume of 100,900 shares, the short-interest ratio is currently 0.0 days.
Several analysts have recently weighed in on JSAIY shares. Jefferies Financial Group upgraded shares of J Sainsbury from a “hold” rating to a “buy” rating in a research report on Monday, April 11th. Zacks Investment Research downgraded shares of J Sainsbury from a “hold” rating to a “sell” rating in a report on Saturday, April 16th. Finally, JPMorgan Chase & Co. cut their price target on shares of J Sainsbury from GBX 230 ($2.84) to GBX 190 ($2.34) in a report on Friday, April 29th. Four research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, J Sainsbury has an average rating of “Hold” and an average target price of $74.24.
OTCMKTS JSAIY traded up $0.10 during trading on Wednesday, reaching $11.58. 101,054 shares of the stock traded hands, compared to its average volume of 42,592. The stock’s 50-day moving average price is $12.90 and its 200 day moving average price is $14.49. The company has a quick ratio of 0.51, a current ratio of 0.67 and a debt-to-equity ratio of 0.10. J Sainsbury has a fifty-two week low of $11.11 and a fifty-two week high of $18.68.
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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