Short Interest in J Sainsbury plc (OTCMKTS:JSNSF) Drops By 46.9%
by Jessica Moore · The Cerbat GemJ Sainsbury plc (OTCMKTS:JSNSF – Get Free Report) was the target of a large decrease in short interest in July. As of July 31st, there was short interest totaling 666,254 shares, a decrease of 46.9% from the July 15th total of 1,253,571 shares. Based on an average daily volume of 30,578 shares, the days-to-cover ratio is currently 21.8 days.
J Sainsbury Price Performance
Shares of OTCMKTS:JSNSF remained flat at $4.65 on Friday. The business has a 50-day moving average price of $4.65 and a 200 day moving average price of $4.64. J Sainsbury has a 52-week low of $3.88 and a 52-week high of $5.26.
About J Sainsbury
J Sainsbury plc is one of the United Kingdom’s leading food and grocery retailers, operating a network of supermarkets and convenience stores across England, Scotland and Wales. Founded in 1869 by John James Sainsbury and his wife Mary Ann, the company has grown from a single dairy shop in Drury Lane, London, into a diversified retail group serving millions of customers each week. In addition to its flagship Sainsbury’s supermarkets, the business operates smaller Sainsbury’s Local outlets to cater to urban and high-street shoppers.
The company’s core offerings include a wide range of fresh and packaged food products, household essentials and general merchandise.