J. Sainsbury PLC (OTCMKTS:JSAIY) Sees Large Increase in Short Interest

Key Points

• J. Sainsbury PLC experienced a significant increase in short interest, rising by 61.1% in August to a total of 48,800 shares.
• Jefferies Financial Group downgraded J. Sainsbury's rating from "buy" to "hold", amidst a mix of analysts giving the stock a consensus "Buy" rating.
• The company's stock rose 3.4% during trading, reaching $17.21, with a notable trading volume of 49,207 shares.

J. Sainsbury PLC (OTCMKTS:JSAIY - Get Free Report) was the recipient of a large increase in short interest in August. As of August 15th, there was short interest totaling 48,800 shares, anincreaseof61.1% 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 currently 1.1 days. Based on an average daily trading volume, of 46,100 shares, the days-to-cover ratio is currently 1.1 days.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group cut shares of J. Sainsbury from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. Three research analysts have rated the stock with a Strong Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, J. Sainsbury presently has a consensus rating of "Buy".

J. Sainsbury Stock Up 3.4%

OTCMKTS:JSAIY traded up $0.56 during trading hours on Friday, reaching $17.21. The company's stock had a trading volume of 49,207 shares, compared to its average volume of 23,317. The firm has a 50-day simple moving average of $16.28 and a 200-day simple moving average of $14.83. J. Sainsbury has a 1 year low of $11.68 and a 1 year high of $17.37. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.74 and a quick ratio of 0.57.

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.

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