J Sainsbury plc (OTCMKTS:JSNSF – Get Free Report) was the recipient of a large drop in short interest during the month of July. As of July 31st, there was short interest totaling 666,254 shares, a drop of 46.9% from the July 15th total of 1,253,571 shares. Based on an average daily trading volume, of 30,578 shares, the short-interest ratio is currently 21.8 days.
J Sainsbury Price Performance
Shares of J Sainsbury stock remained flat at $4.65 during trading hours on Monday. J Sainsbury has a 1-year low of $3.88 and a 1-year high of $5.26. The firm has a 50-day moving average price of $4.65 and a two-hundred day moving average price of $4.64.
About J Sainsbury
J Sainsbury plc is one of the United Kingdom’s leading food and grocery retailers, operating a network of supermarkets and convenience stores across England, Scotland and Wales. Founded in 1869 by John James Sainsbury and his wife Mary Ann, the company has grown from a single dairy shop in Drury Lane, London, into a diversified retail group serving millions of customers each week. In addition to its flagship Sainsbury’s supermarkets, the business operates smaller Sainsbury’s Local outlets to cater to urban and high-street shoppers.
The company’s core offerings include a wide range of fresh and packaged food products, household essentials and general merchandise.
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