J. Sainsbury PLC (OTCMKTS:JSAIY) Short Interest Update

J. Sainsbury PLC (OTCMKTS:JSAIY) was the target of a large drop in short interest during the month of August. As of August 14th, there was short interest totaling 21,098 shares, a drop of 39.1% from the July 30th total of 34,619 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 96,680 shares, the short-interest ratio is presently 0.2 days.

J. Sainsbury Trading Up 0.4%

Shares of OTCMKTS JSAIY traded up $0.07 during trading on Monday, reaching $18.14. The stock had a trading volume of 204 shares, compared to its average volume of 55,882. The company has a current ratio of 0.56, a quick ratio of 0.24 and a debt-to-equity ratio of 0.16. J. Sainsbury has a fifty-two week low of $15.87 and a fifty-two week high of $19.90. The business’s 50-day moving average price is $18.35 and its 200-day moving average price is $18.12.

Analyst Upgrades and Downgrades

Several research firms have issued reports on JSAIY. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of J. Sainsbury in a research note on Tuesday, August 4th. Citigroup restated a “neutral” rating on shares of J. Sainsbury in a report on Friday, August 7th. Zacks Research raised shares of J. Sainsbury from a “strong sell” rating to a “hold” rating in a research report on Monday, June 29th. Finally, The Goldman Sachs Group raised shares of J. Sainsbury from a “sell” rating to a “hold” rating in a research note on Monday, August 3rd. One investment analyst has rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, J. Sainsbury has a consensus rating of “Hold”.

About J. Sainsbury

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.