Short Interest in J Sainsbury plc (OTCMKTS:JSAIY) Rises By 29.8%

J Sainsbury plc (OTCMKTS:JSAIY) was the recipient of a significant growth in short interest during the month of December. As of December 31st, there was short interest totalling 48,300 shares, a growth of 29.8% from the December 15th total of 37,200 shares. Based on an average trading volume of 77,900 shares, the short-interest ratio is currently 0.6 days.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on JSAIY. BNP Paribas upgraded J Sainsbury to a “strong-buy” rating in a report on Friday, October 18th. Royal Bank of Canada upgraded shares of J Sainsbury to a “moderate buy” rating in a research report on Tuesday, November 19th.

J Sainsbury Stock Up 1.0 %

Shares of OTCMKTS JSAIY traded up $0.13 during mid-day trading on Friday, hitting $12.99. The company had a trading volume of 26,355 shares, compared to its average volume of 29,948. The business’s 50-day simple moving average is $13.45 and its 200 day simple moving average is $14.31. J Sainsbury has a 1-year low of $12.09 and a 1-year high of $16.43.

J Sainsbury Cuts Dividend

The business also recently declared a dividend, which was paid on Monday, December 30th. Shareholders of record on Monday, November 18th were given a $0.2025 dividend. The ex-dividend date was Monday, November 18th.

J Sainsbury Company Profile

J Sainsbury plc, together with its subsidiaries, engages in the food, general merchandise and clothing retailing, and financial services activities in the United Kingdom and the Republic of Ireland. It operates through three segments: Retail Food, Retail General Merchandise and Clothing, and Financial Services.