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

J. Sainsbury PLC (OTCMKTS:JSAIY) saw a large drop in short interest in May. As of May 15th, there was short interest totaling 17,875 shares, a drop of 60.6% from the April 30th total of 45,376 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average trading volume of 96,396 shares, the short-interest ratio is presently 0.2 days.

J. Sainsbury Trading Up 0.5%

JSAIY stock traded up $0.08 during trading hours on Monday, hitting $16.14. The company’s stock had a trading volume of 62,153 shares, compared to its average volume of 49,524. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.24 and a current ratio of 0.56. J. Sainsbury has a 12 month low of $15.24 and a 12 month high of $19.90. The stock has a 50 day moving average price of $17.85 and a two-hundred day moving average price of $17.98.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on JSAIY shares. Zacks Research lowered shares of J. Sainsbury from a “hold” rating to a “strong sell” rating in a report on Friday, April 24th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of J. Sainsbury in a report on Monday, April 13th. Citigroup downgraded shares of J. Sainsbury from a “buy” rating to a “neutral” rating in a report on Tuesday, April 28th. Finally, The Goldman Sachs Group lowered J. Sainsbury from a “strong-buy” rating to a “sell” rating in a report on Monday, April 27th. One investment analyst has rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce”.

J. Sainsbury Company Profile

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.