Short Interest in J Sainsbury plc (OTCMKTS:JSAIY) Drops By 85.4%

J Sainsbury plc (OTCMKTS:JSAIY) was the target of a significant decline in short interest during the month of March. As of March 15th, there was short interest totalling 8,100 shares, a decline of 85.4% from the February 28th total of 55,600 shares. Based on an average daily trading volume, of 51,100 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.0% of the shares of the stock are sold short.

J Sainsbury Stock Performance

Shares of OTCMKTS JSAIY traded up $0.14 during midday trading on Friday, hitting $12.51. The stock had a trading volume of 38,206 shares, compared to its average volume of 44,610. J Sainsbury has a fifty-two week low of $12.09 and a fifty-two week high of $16.43. The company has a quick ratio of 0.57, a current ratio of 0.74 and a debt-to-equity ratio of 0.17. The company’s 50-day simple moving average is $12.92 and its 200 day simple moving average is $13.76.

Analyst Ratings Changes

Separately, Hsbc Global Res raised shares of J Sainsbury from a “hold” rating to a “strong-buy” rating in a report on Friday, March 21st. Four equities research analysts have rated the stock with a strong buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Strong Buy”.

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.