Short Interest in J. Sainsbury PLC (OTCMKTS:JSAIY) Decreases By 39.1%

J. Sainsbury PLC (OTCMKTS:JSAIY) was the recipient of a large decline in short interest in August. As of August 14th, there was short interest totaling 21,098 shares, a decline of 39.1% from the July 30th total of 34,619 shares. Based on an average daily volume of 96,680 shares, the short-interest ratio is presently 0.2 days. Currently, 0.0% of the shares of the stock are sold short.

J. Sainsbury Stock Up 0.4%

OTCMKTS JSAIY traded up $0.07 on Monday, reaching $18.14. 204 shares of the company were exchanged, compared to its average volume of 55,882. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.24 and a current ratio of 0.56. The business’s fifty day moving average price is $18.35 and its 200 day moving average price is $18.12. J. Sainsbury has a fifty-two week low of $15.87 and a fifty-two week high of $19.90.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of J. Sainsbury in a research report on Tuesday, August 4th. Zacks Research raised J. Sainsbury from a “strong sell” rating to a “hold” rating in a report on Monday, June 29th. The Goldman Sachs Group raised J. Sainsbury from a “sell” rating to a “hold” rating in a research note on Monday, August 3rd. Finally, Citigroup reissued a “neutral” rating on shares of J. Sainsbury in a research note on Friday, August 7th. One equities research analyst has rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold”.

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.