J. Sainsbury PLC (OTCMKTS:JSAIY) Stock Short Interest Rises 95.4%

J. Sainsbury PLC (OTCMKTS:JSAIY) was the recipient of a significant growth in short interest during the month of September. As of September 30th, there was short interest totaling 25,610 shares, a growth of 95.4% from the September 15th total of 13,109 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 57,608 shares, the days-to-cover ratio is presently 0.4 days.

J. Sainsbury Trading Up 2.4%

JSAIY traded up $0.45 on Thursday, reaching $18.64. 27,658 shares of the company’s stock were exchanged, compared to its average volume of 51,203. The company’s 50 day moving average is $18.07 and its 200-day moving average is $17.89. 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.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on JSAIY. Zacks Research raised J. Sainsbury from a “strong sell” rating to a “hold” rating in a research note on Monday, June 29th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of J. Sainsbury in a research report on Tuesday, August 4th. Citigroup restated a “neutral” rating on shares of J. Sainsbury in a report on Monday, September 28th. Finally, The Goldman Sachs Group raised shares of J. Sainsbury from a “sell” rating to a “hold” rating in a research report on Monday, August 3rd. One equities research analyst has rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold”.

About J. Sainsbury

J Sainsbury plc is a United Kingdom-based retail company operating under the Sainsbury’s brand. Its core business is the sale of groceries through supermarkets and convenience stores, offering fresh food, packaged food, household goods, beverages, and other everyday essentials through physical stores and online channels.

The company also operates Argos, a general merchandise retailer offering products such as consumer electronics, toys, home furnishings, appliances, and other goods through stores, collection points, and delivery services.