JD Sports Fashion Plc (OTCMKTS:JDSPY) Sees Significant Increase in Short Interest

JD Sports Fashion Plc (OTCMKTS:JDSPY) saw a large increase in short interest during the month of August. As of August 31st, there was short interest totaling 1,713 shares, an increase of 118.5% from the August 15th total of 784 shares. Based on an average daily volume of 7,769 shares, the short-interest ratio is presently 0.2 days. Currently, 0.0% of the company’s stock are short sold.

JD Sports Fashion Trading Down 5.7%

JDSPY traded down $0.06 on Monday, hitting $1.00. The company had a trading volume of 798 shares, compared to its average volume of 11,820. The company has a quick ratio of 0.56, a current ratio of 1.51 and a debt-to-equity ratio of 0.91. The company’s fifty day moving average price is $1.14 and its 200 day moving average price is $1.05. JD Sports Fashion has a 1-year low of $0.84 and a 1-year high of $1.39.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. BNP Paribas Exane upgraded JD Sports Fashion from a “neutral” rating to an “outperform” rating in a report on Friday, July 24th. Citigroup reiterated a “neutral” rating on shares of JD Sports Fashion in a research note on Friday, August 21st. Barclays raised shares of JD Sports Fashion to a “hold” rating in a research report on Wednesday, September 2nd. Zacks Research upgraded shares of JD Sports Fashion to a “hold” rating in a report on Friday, May 22nd. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of JD Sports Fashion in a report on Tuesday, July 14th. One research analyst has rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold”.

About JD Sports Fashion

JD Sports Fashion plc is a United Kingdom-based multichannel retailer specializing in sportswear, sneakers and athleisure apparel. Its product range includes footwear, clothing and accessories from major global sports brands, as well as selected private-label and exclusive products.

The company operates through a portfolio of retail banners that includes JD Sports, Size?, Finish Line, DTLR and other regionally focused brands. It serves customers through physical stores and e-commerce platforms, with operations across the United Kingdom and Europe, North America, Australia, New Zealand and selected markets in Asia-Pacific.

JD Sports was founded in 1981, when its first store opened in Bury, England.