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

J. Sainsbury PLC (OTCMKTS:JSAIY) saw a large decline in short interest in the month of August. As of August 14th, there was short interest totaling 21,098 shares, a decline 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 volume of 96,680 shares, the days-to-cover ratio is presently 0.2 days.

J. Sainsbury Stock Performance

OTCMKTS:JSAIY opened at $18.17 on Wednesday. J. Sainsbury has a twelve month low of $15.87 and a twelve month high of $19.90. The company has a quick ratio of 0.24, a current ratio of 0.56 and a debt-to-equity ratio of 0.16. The business’s 50-day moving average price is $18.42 and its two-hundred day moving average price is $18.11.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on JSAIY shares. Citigroup reiterated a “neutral” rating on shares of J. Sainsbury in a research report on Friday, August 7th. The Goldman Sachs Group upgraded J. Sainsbury from a “sell” rating to a “hold” rating in a report on Monday, August 3rd. 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, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of J. Sainsbury in a report on Tuesday, August 4th. One equities research analyst has rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold”.

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.