J Sainsbury plc (OTCMKTS:JSAIY) Short Interest Update

J Sainsbury plc (OTCMKTS:JSAIY) was the recipient of a large growth in short interest in the month of December. As of December 15th, there was short interest totalling 37,200 shares, a growth of 238.2% from the November 30th total of 11,000 shares. Based on an average trading volume of 87,900 shares, the days-to-cover ratio is presently 0.4 days.

J Sainsbury Stock Down 1.7 %

OTCMKTS JSAIY traded down $0.24 during mid-day trading on Friday, hitting $13.80. The stock had a trading volume of 97,024 shares, compared to its average volume of 32,399. J Sainsbury has a twelve month low of $12.09 and a twelve month high of $16.43. The firm’s 50 day moving average is $13.65 and its 200 day moving average is $14.29. The company has a quick ratio of 0.49, a current ratio of 0.66 and a debt-to-equity ratio of 0.16.

J Sainsbury Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, November 18th will be issued a $0.2025 dividend. The ex-dividend date of this dividend is Monday, November 18th.

Analysts Set New Price Targets

A number of equities analysts have weighed in on JSAIY shares. Barclays upgraded shares of J Sainsbury to a “strong-buy” rating in a research report on Monday, September 16th. Royal Bank of Canada upgraded shares of J Sainsbury to a “moderate buy” rating in a research report on Tuesday, November 19th. BNP Paribas raised shares of J Sainsbury to a “strong-buy” rating in a research note on Friday, October 18th. Finally, UBS Group upgraded J Sainsbury to a “strong-buy” rating in a research note on Monday, September 16th.

About J Sainsbury

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.