J Sainsbury plc (OTCMKTS:JSAIY) Short Interest Down 43.0% in May

J Sainsbury plc (OTCMKTS:JSAIY - Get Free Report) was the recipient of a significant decline in short interest in May. As of May 31st, there was short interest totalling 73,600 shares, a decline of 43.0% from the May 15th total of 129,200 shares. Based on an average trading volume of 67,800 shares, the short-interest ratio is currently 1.1 days. Currently, 0.0% of the company's shares are sold short.

J Sainsbury Price Performance

Shares of OTCMKTS JSAIY opened at $15.90 on Friday. J Sainsbury has a 1-year low of $11.68 and a 1-year high of $16.43. The business has a fifty day moving average price of $14.60 and a 200 day moving average price of $13.67. 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 Increases Dividend

The company also recently declared a dividend, which will be paid on Monday, July 21st. Shareholders of record on Monday, June 9th will be given a dividend of $0.4798 per share. This represents a dividend yield of 4.13%. This is a positive change from J Sainsbury's previous dividend of $0.20. The ex-dividend date of this dividend is Friday, June 6th.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. BNP Paribas cut J Sainsbury from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 1st. Hsbc Global Res upgraded J Sainsbury from a "hold" rating to a "strong-buy" rating in a report on Friday, March 21st. Kepler Capital Markets cut shares of J Sainsbury from a "strong-buy" rating to a "hold" rating in a report on Wednesday, April 23rd. Finally, Jefferies Financial Group downgraded shares of 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 hold rating and three have assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Buy".

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.

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