Short Interest in J Sainsbury plc (OTCMKTS:JSAIY) Grows By 300.0%

J Sainsbury plc (OTCMKTS:JSAIY) saw a large increase in short interest in the month of February. As of February 15th, there was short interest totalling 4,000 shares, an increase of 300.0% from the January 31st total of 1,000 shares. Based on an average daily trading volume, of 85,600 shares, the days-to-cover ratio is currently 0.0 days.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Royal Bank of Canada upgraded shares of J Sainsbury to a “moderate buy” rating in a research report on Tuesday, November 19th. Hsbc Global Res cut shares of J Sainsbury from a “strong-buy” rating to a “hold” rating in a report on Friday, January 31st. One equities research analyst has rated the stock with a hold rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Strong Buy”.

J Sainsbury Stock Down 0.1 %

JSAIY traded down $0.02 during trading hours on Friday, hitting $13.20. 22,045 shares of the company’s stock were exchanged, compared to its average volume of 45,068. J Sainsbury has a 1-year low of $12.09 and a 1-year high of $16.43. The stock’s 50-day moving average is $13.23 and its two-hundred day moving average is $14.11. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.57 and a current ratio of 0.74.

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.