J Sainsbury plc (OTCMKTS:JSAIY) Short Interest Down 66.7% in March

J Sainsbury plc (OTCMKTS:JSAIY) was the target of a large drop in short interest in the month of March. As of March 31st, there was short interest totalling 2,700 shares, a drop of 66.7% from the March 15th total of 8,100 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 114,500 shares, the days-to-cover ratio is presently 0.0 days.

J Sainsbury Stock Up 1.7 %

OTCMKTS:JSAIY traded up $0.22 during mid-day trading on Tuesday, hitting $13.05. 52,076 shares of the stock traded hands, compared to its average volume of 48,850. J Sainsbury has a 52 week low of $11.68 and a 52 week high of $16.43. The firm’s 50 day moving average is $12.76 and its two-hundred day moving average is $13.42. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.57 and a current ratio of 0.74.

Wall Street Analysts Forecast Growth

JSAIY has been the topic of several research reports. Hsbc Global Res raised shares of J Sainsbury from a “hold” rating to a “strong-buy” rating in a research report on Friday, March 21st. BNP Paribas downgraded J Sainsbury from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 1st. One equities research analyst has rated the stock with a hold rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, J Sainsbury has a consensus rating of “Strong Buy”.

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.