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

J. Sainsbury PLC (OTCMKTS:JSAIY - Get Free Report) saw a large decrease in short interest during the month of May. As of May 31st, there was short interest totalling 73,600 shares, a decrease 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 presently 1.1 days. Currently, 0.0% of the shares of the stock are short sold.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on JSAIY. Kepler Capital Markets lowered J. Sainsbury from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, April 23rd. Jefferies Financial Group downgraded shares of J. Sainsbury from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. Hsbc Global Res upgraded shares of J. Sainsbury from a "hold" rating to a "strong-buy" rating in a research report on Friday, March 21st. Finally, BNP Paribas lowered J. Sainsbury from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, April 1st. Three equities research analysts have rated the stock with a hold rating and three have given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Buy".

J. Sainsbury Price Performance

OTCMKTS JSAIY traded up $0.06 during mid-day trading on Wednesday, hitting $15.68. The company's stock had a trading volume of 13,596 shares, compared to its average volume of 42,323. The company's 50 day simple moving average is $14.74 and its 200 day simple moving average is $13.71. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.57 and a current ratio of 0.74. J. Sainsbury has a twelve month low of $11.68 and a twelve month high of $16.43.

J. Sainsbury Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Monday, July 21st. Stockholders of record on Monday, June 9th will be issued a dividend of $0.4798 per share. This is a boost from J. Sainsbury's previous dividend of $0.20. This represents a dividend yield of 4.13%. The ex-dividend date is Friday, June 6th.

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.