J. Sainsbury PLC (OTCMKTS:JSAIY) Short Interest Up 689.7% in February

J. Sainsbury PLC (OTCMKTS:JSAIY) was the target of a significant growth in short interest in the month of February. As of February 13th, there was short interest totaling 128,686 shares, a growth of 689.7% from the January 29th total of 16,296 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 86,028 shares, the days-to-cover ratio is currently 1.5 days. Based on an average daily volume of 86,028 shares, the days-to-cover ratio is currently 1.5 days. Approximately 0.0% of the company’s stock are short sold.

J. Sainsbury Price Performance

OTCMKTS:JSAIY traded down $0.34 during mid-day trading on Thursday, hitting $19.36. 69,240 shares of the company traded hands, compared to its average volume of 39,408. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.31 and a current ratio of 0.62. The stock’s fifty day moving average price is $18.18 and its 200-day moving average price is $17.78. J. Sainsbury has a one year low of $11.68 and a one year high of $19.90.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Zacks Research cut J. Sainsbury from a “hold” rating to a “strong sell” rating in a research note on Monday, February 16th. Citigroup upgraded J. Sainsbury to a “strong-buy” rating in a report on Friday, January 9th. Deutsche Bank Aktiengesellschaft upgraded shares of J. Sainsbury to a “buy” rating in a report on Wednesday, December 10th. Kepler Capital Markets raised J. Sainsbury from a “strong sell” rating to a “hold” rating in a report on Thursday, December 11th. Finally, Jefferies Financial Group restated a “hold” rating on shares of J. Sainsbury in a research note on Sunday, December 14th. Two equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy”.

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.