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

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

J. Sainsbury Price Performance

OTCMKTS:JSAIY traded up $0.10 during trading hours on Monday, hitting $16.90. The company’s stock had a trading volume of 8,733 shares, compared to its average volume of 48,492. The stock has a fifty day moving average of $17.04 and a 200-day moving average of $17.86. J. Sainsbury has a 52-week low of $15.24 and a 52-week high of $19.90. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.24 and a current ratio of 0.56.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on JSAIY shares. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of J. Sainsbury in a research note on Monday, April 13th. The Goldman Sachs Group lowered shares of J. Sainsbury from a “strong-buy” rating to a “sell” rating in a report on Monday, April 27th. Citigroup downgraded shares of J. Sainsbury from a “buy” rating to a “neutral” rating in a research note on Tuesday, April 28th. Finally, Zacks Research lowered shares of J. Sainsbury from a “hold” rating to a “strong sell” rating in a research note on Friday, April 24th. One investment analyst has rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average 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.