JD Sports Fashion Plc (OTCMKTS:JDSPY) Short Interest Up 118.5% in August

Key Points

• JD Sports Fashion’s short interest more than doubled in August, rising 118.5% to 1,713 shares by August 31. Despite the increase, only 0.0% of shares were sold short and the days-to-cover ratio was 0.2.
• The stock fell 5.7% to $1.00, trading below its 50-day moving average of $1.14 but within its 52-week range of $0.84 to $1.39.
• Analyst sentiment remains cautious: one analyst rates the shares Buy and five rate them Hold, producing a consensus rating of Hold.

JD Sports Fashion Plc (OTCMKTS:JDSPY - Get Free Report) saw a significant growth in short interest in August. As of August 31st, there was short interest totaling 1,713 shares, a growth of 118.5% from the August 15th total of 784 shares. Based on an average daily trading volume, of 7,769 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.0% of the company's shares are sold short.

JD Sports Fashion Stock Down 5.7%

JDSPY traded down $0.06 on Monday, reaching $1.00. 798 shares of the company traded hands, compared to its average volume of 11,820. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.56 and a current ratio of 1.51. The stock's 50 day moving average price is $1.14 and its 200-day moving average price is $1.05. JD Sports Fashion has a 52-week low of $0.84 and a 52-week high of $1.39.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. BNP Paribas Exane raised shares of JD Sports Fashion from a "neutral" rating to an "outperform" rating in a research report on Friday, July 24th. Citigroup reissued a "neutral" rating on shares of JD Sports Fashion in a research note on Friday, August 21st. Zacks Research upgraded JD Sports Fashion to a "hold" rating in a report on Friday, May 22nd. Royal Bank Of Canada cut JD Sports Fashion from an "outperform" rating to a "sector perform" rating in a research report on Monday, August 3rd. Finally, Deutsche Bank Aktiengesellschaft reiterated a "hold" rating on shares of JD Sports Fashion in a report on Tuesday, July 14th. One equities research analyst has rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat, JD Sports Fashion currently has a consensus rating of "Hold".

About JD Sports Fashion

JD Sports Fashion plc is a United Kingdom-based multichannel retailer specializing in sportswear, sneakers and athleisure apparel. Its product range includes footwear, clothing and accessories from major global sports brands, as well as selected private-label and exclusive products.

The company operates through a portfolio of retail banners that includes JD Sports, Size?, Finish Line, DTLR and other regionally focused brands. It serves customers through physical stores and e-commerce platforms, with operations across the United Kingdom and Europe, North America, Australia, New Zealand and selected markets in Asia-Pacific.

JD Sports was founded in 1981, when its first store opened in Bury, England.

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