J Sainsbury plc (OTCMKTS:JSAIY) Sees Significant Decrease in Short Interest

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

Analyst Ratings Changes

Separately, Hsbc Global Res upgraded 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, J Sainsbury presently has an average rating of “Strong Buy”.

J Sainsbury Price Performance

OTCMKTS:JSAIY traded down $0.04 during trading hours on Thursday, hitting $12.28. The company’s stock had a trading volume of 24,245 shares, compared to its average volume of 44,722. The stock has a fifty day simple moving average of $12.94 and a 200-day simple moving average of $13.79. J Sainsbury has a twelve month low of $12.09 and a twelve month high of $16.43. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.57 and a current ratio of 0.74.

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.