Short Interest in J d Wetherspoon Plc (OTCMKTS:JDWPY) Drops By 82.9%

Key Points

• Short interest in J D Wetherspoon plunged 82.9% in April to just 21 shares (0.0% of shares short), producing a days-to-cover of 5.3 based on a 4-share average daily volume.
• Barclays downgraded the stock from "strong-buy" to "strong sell" on March 31, and MarketBeat shows a consensus Sell rating.
• The stock was flat at $46.00 on very low trading volume (10 shares), and the company exhibits weak liquidity and high leverage with a current ratio of 0.28, quick ratio of 0.19 and debt-to-equity of 3.09.

J d Wetherspoon Plc (OTCMKTS:JDWPY - Get Free Report) saw a significant drop in short interest during the month of April. As of April 15th, there was short interest totaling 21 shares, a drop of 82.9% from the March 31st total of 123 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 4 shares, the days-to-cover ratio is presently 5.3 days.

Wall Street Analysts Forecast Growth

Separately, Barclays lowered J d Wetherspoon from a "strong-buy" rating to a "strong sell" rating in a report on Tuesday, March 31st. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has a consensus rating of "Sell".

J d Wetherspoon Price Performance

JDWPY remained flat at $46.00 during trading on Friday. The company's stock had a trading volume of 10 shares, compared to its average volume of 2. J d Wetherspoon has a 12 month low of $44.48 and a 12 month high of $46.00. The firm has a 50-day moving average of $45.54 and a two-hundred day moving average of $43.72. The company has a current ratio of 0.28, a quick ratio of 0.19 and a debt-to-equity ratio of 3.09.

J d Wetherspoon Company Profile

J D Wetherspoon plc operates one of the largest pub chains in the United Kingdom and Ireland, offering a broad portfolio of food and beverage services. The company's pubs provide traditional British pub fare alongside a selection of real ales, craft beers, spirits, soft drinks and specialty coffees. In addition to core food and drink offerings, many locations feature breakfast menus, light bites and themed events, catering to a diverse demographic of casual diners, families and pub patrons.

Founded in 1979 by Tim Martin with the opening of “The Moon Under Water” in Muswell Hill, north London, Wetherspoon has expanded through both freehold acquisitions and long-term leases.

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