J. Sainsbury PLC (OTCMKTS:JSAIY) Short Interest Up 61.1% in August

by · The Cerbat Gem

J. Sainsbury PLC (OTCMKTS:JSAIY – Get Free Report) was the target of a large growth in short interest in the month of August. As of August 15th, there was short interest totaling 48,800 shares, agrowthof61.1% from the July 31st total of 30,300 shares. Based on an average daily trading volume, of 46,100 shares, the days-to-cover ratio is presently 1.1 days. Based on an average daily trading volume, of 46,100 shares, the days-to-cover ratio is presently 1.1 days.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group downgraded J. Sainsbury from a “buy” rating to a “hold” rating in a research report on Thursday, May 22nd. Three investment analysts have rated the stock with a Strong Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Buy”.

View Our Latest Analysis on JSAIY

J. Sainsbury Trading Up 0.4%

Shares of J. Sainsbury stock traded up $0.07 during trading hours on Monday, hitting $17.28. The company’s stock had a trading volume of 16,901 shares, compared to its average volume of 37,206. The company has a quick ratio of 0.57, a current ratio of 0.74 and a debt-to-equity ratio of 0.16. J. Sainsbury has a 12 month low of $11.68 and a 12 month high of $17.37. The stock has a 50 day moving average of $16.28 and a 200 day moving average of $14.85.

About J. Sainsbury

(Get Free Report)

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.

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