J. Sainsbury PLC (OTCMKTS:JSAIY) Sees Significant Increase in Short Interest

J. Sainsbury PLC (OTCMKTS:JSAIY) was the target of a significant increase in short interest in December. As of December 31st, there was short interest totaling 59,928 shares, an increase of 60.4% from the December 15th total of 37,355 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average trading volume of 39,281 shares, the days-to-cover ratio is presently 1.5 days. Based on an average trading volume of 39,281 shares, the days-to-cover ratio is presently 1.5 days. Approximately 0.0% of the shares of the stock are short sold.

J. Sainsbury Price Performance

Shares of JSAIY opened at $17.19 on Friday. J. Sainsbury has a 1-year low of $11.68 and a 1-year high of $19.17. The firm has a 50-day simple moving average of $17.57 and a two-hundred day simple moving average of $17.28. The company has a current ratio of 0.62, a quick ratio of 0.31 and a debt-to-equity ratio of 0.16.

Analyst Upgrades and Downgrades

A number of analysts have commented on JSAIY shares. Zacks Research upgraded shares of J. Sainsbury from a “strong sell” rating to a “hold” rating in a report on Thursday, January 1st. Jefferies Financial Group reaffirmed a “hold” rating on shares of J. Sainsbury in a research note on Sunday, December 14th. Deutsche Bank Aktiengesellschaft raised shares of J. Sainsbury to a “buy” rating in a research note on Wednesday, December 10th. Citigroup upgraded shares of J. Sainsbury from a “hold” rating to a “buy” rating in a report on Thursday, December 11th. Finally, Kepler Capital Markets upgraded J. Sainsbury from a “strong sell” rating to a “hold” rating in a report on Thursday, December 11th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

About J. Sainsbury

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.