J Sainsbury plc (OTCMKTS:JSNSF) Sees Significant Decline in Short Interest

J Sainsbury plc (OTCMKTS:JSNSF) was the recipient of a large decrease in short interest during the month of October. As of October 15th, there was short interest totalling 1,048,800 shares, a decrease of 9.1% from the September 30th total of 1,153,400 shares. Based on an average daily volume of 3,600 shares, the days-to-cover ratio is currently 291.3 days.

J Sainsbury Stock Performance

OTCMKTS:JSNSF remained flat at $3.53 during mid-day trading on Wednesday. J Sainsbury has a 52 week low of $3.10 and a 52 week high of $4.33. The business’s 50 day moving average is $3.87 and its 200-day moving average is $3.57.

About J Sainsbury

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.