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

J. Sainsbury PLC (OTCMKTS:JSAIY) was the target of a large decrease in short interest during the month of July. As of July 31st, there was short interest totaling 34,619 shares, a decrease of 48.0% from the July 15th total of 66,554 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 258,357 shares, the short-interest ratio is presently 0.1 days.

Analysts Set New Price Targets

JSAIY has been the topic of several recent research reports. Zacks Research raised J. Sainsbury from a “strong sell” rating to a “hold” rating in a report on Monday, June 29th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of J. Sainsbury in a report on Tuesday, August 4th. Citigroup reiterated a “neutral” rating on shares of J. Sainsbury in a research report on Friday, August 7th. Finally, The Goldman Sachs Group upgraded J. Sainsbury from a “sell” rating to a “hold” rating in a research report on Monday, August 3rd. One research analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, J. Sainsbury currently has a consensus rating of “Hold”.

J. Sainsbury Price Performance

Shares of JSAIY traded down $0.16 during trading hours on Tuesday, reaching $17.93. The stock had a trading volume of 13,516 shares, compared to its average volume of 57,205. The firm has a 50-day simple moving average of $18.04 and a 200 day simple moving average of $18.13. J. Sainsbury has a 12 month low of $15.87 and a 12 month high of $19.90. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.56 and a quick ratio of 0.24.

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.