Short Interest in J. Sainsbury PLC (OTCMKTS:JSAIY) Rises By 30.0%

J. Sainsbury PLC (OTCMKTS:JSAIY) saw a significant growth in short interest in July. As of July 31st, there was short interest totaling 30,300 shares, agrowthof30.0% from the July 15th total of 23,300 shares. Currently,0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 53,400 shares, the short-interest ratio is currently 0.6 days. Based on an average daily trading volume, of 53,400 shares, the short-interest ratio is currently 0.6 days. Currently,0.0% of the shares of the stock are sold short.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group downgraded shares of J. Sainsbury from a “buy” rating to a “hold” rating in a research report on Thursday, May 22nd. Three research analysts have rated the stock with a Strong Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy”.

J. Sainsbury Price Performance

J. Sainsbury stock opened at $16.72 on Friday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.57 and a current ratio of 0.74. The business has a 50-day moving average of $16.14 and a 200-day moving average of $14.58. J. Sainsbury has a 1 year low of $11.68 and a 1 year high of $16.89.

J. Sainsbury Increases Dividend

The firm also recently disclosed a dividend, which was paid on Monday, July 21st. Stockholders of record on Monday, June 9th were given a $0.4798 dividend. This is a boost from J. Sainsbury’s previous dividend of $0.20. This represents a dividend yield of 413.0%. The ex-dividend date of this dividend was Friday, June 6th.

J. Sainsbury Company Profile

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.