J Sainsbury plc (OTCMKTS:JSAIY) saw a significant growth in short interest in March. As of March 31st, there was short interest totalling 25,500 shares, a growth of 589.2% from the March 15th total of 3,700 shares. Based on an average daily trading volume, of 24,300 shares, the short-interest ratio is currently 1.0 days.
Shares of OTCMKTS JSAIY traded up $0.05 during mid-day trading on Tuesday, hitting $13.69. The stock had a trading volume of 32,986 shares, compared to its average volume of 26,159. The company has a 50 day moving average of $13.26 and a two-hundred day moving average of $12.19. J Sainsbury has a twelve month low of $8.82 and a twelve month high of $14.12. The firm has a market cap of $7.61 billion, a PE ratio of 14.56, a PEG ratio of 3.31 and a beta of 0.57.
Several equities research analysts have weighed in on the company. Berenberg Bank raised J Sainsbury from a “sell” rating to a “hold” rating in a research note on Thursday, January 21st. Credit Suisse Group cut J Sainsbury from an “outperform” rating to a “neutral” rating in a research note on Wednesday, February 24th. Societe Generale reissued a “buy” rating on shares of J Sainsbury in a research note on Monday, December 14th. Zacks Investment Research cut J Sainsbury from a “buy” rating to a “hold” rating in a research note on Friday. Finally, Morgan Stanley reiterated an “equal weight” rating on shares of J Sainsbury in a report on Friday, January 8th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the stock. J Sainsbury currently has a consensus rating of “Hold” and a consensus price target of $15.00.
J Sainsbury plc, together with its subsidiaries, engages in the food, general merchandise and clothing retailing, and financial services activities in the United Kingdom. It operates through three segments: Retail Â- Food, Retail Â- General Merchandise and Clothing, and Financial Services. The company operates various store formats, including convenience stores and supermarkets.
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