Short Interest in J. Sainsbury PLC (OTCMKTS:JSAIY) Declines By 70.2%

J. Sainsbury PLC (OTCMKTS:JSAIY) was the target of a significant decline in short interest in April. As of April 30th, there was short interest totaling 45,376 shares, a decline of 70.2% from the April 15th total of 152,276 shares. Based on an average trading volume of 97,330 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.0% of the company’s stock are sold short.

J. Sainsbury Price Performance

OTCMKTS:JSAIY opened at $16.63 on Wednesday. J. Sainsbury has a one year low of $14.55 and a one year high of $19.90. The stock has a 50-day simple moving average of $18.46 and a 200 day simple moving average of $18.17. The company has a current ratio of 0.62, a quick ratio of 0.31 and a debt-to-equity ratio of 0.16.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on JSAIY shares. Citigroup lowered 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 shares of J. Sainsbury from a “hold” rating to a “strong sell” rating in a research report on Friday, April 24th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of J. Sainsbury in a research note on Monday, April 13th. One investment analyst has rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, J. Sainsbury has a consensus rating of “Reduce”.

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.