J. Sainsbury PLC (OTCMKTS:JSAIY) Sees Large Growth in Short Interest

J. Sainsbury PLC (OTCMKTS:JSAIY) was the target of a large increase in short interest in June. As of June 15th, there was short interest totaling 34,871 shares, an increase of 150.5% from the May 31st total of 13,918 shares. Based on an average daily trading volume, of 116,095 shares, the short-interest ratio is presently 0.3 days. Approximately 0.0% of the shares of the stock are short sold.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Citigroup cut J. Sainsbury from a “buy” rating to a “neutral” rating in a research note on Tuesday, April 28th. The Goldman Sachs Group lowered J. Sainsbury from a “strong-buy” rating to a “sell” rating in a research report on Monday, April 27th. Zacks Research downgraded J. Sainsbury from a “hold” rating to a “strong sell” rating in a research report on Friday, April 24th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of J. Sainsbury in a research report on Monday, April 13th. One equities research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce”.

J. Sainsbury Stock Performance

JSAIY stock traded up $0.10 during mid-day trading on Monday, hitting $16.90. The company had a trading volume of 8,733 shares, compared to its average volume of 48,492. J. Sainsbury has a 12-month low of $15.24 and a 12-month high of $19.90. The company has a quick ratio of 0.24, a current ratio of 0.56 and a debt-to-equity ratio of 0.16. The company has a 50-day moving average price of $17.04 and a 200 day moving average price of $17.86.

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.