J Sainsbury plc (OTCMKTS:JSAIY) Short Interest Up 29.8% in December

J Sainsbury plc (OTCMKTS:JSAIY) saw a significant increase in short interest in December. As of December 31st, there was short interest totalling 48,300 shares, an increase of 29.8% from the December 15th total of 37,200 shares. Based on an average trading volume of 77,900 shares, the days-to-cover ratio is currently 0.6 days.

Wall Street Analysts Forecast Growth

JSAIY has been the subject of several research analyst reports. Royal Bank of Canada raised shares of J Sainsbury to a “moderate buy” rating in a research report on Tuesday, November 19th. BNP Paribas upgraded shares of J Sainsbury to a “strong-buy” rating in a report on Friday, October 18th.

J Sainsbury Stock Performance

J Sainsbury stock traded up $0.13 during mid-day trading on Friday, reaching $12.99. The stock had a trading volume of 26,355 shares, compared to its average volume of 29,948. J Sainsbury has a one year low of $12.09 and a one year high of $16.43. The company has a 50-day moving average price of $13.45 and a two-hundred day moving average price of $14.31.

J Sainsbury Cuts Dividend

The company also recently disclosed a dividend, which was paid on Monday, December 30th. Investors of record on Monday, November 18th were issued a $0.2025 dividend. The ex-dividend date of this dividend was Monday, November 18th.

J Sainsbury Company Profile

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.