Short Interest in J Sainsbury plc (OTCMKTS:JSAIY) Drops By 85.4%

J Sainsbury plc (OTCMKTS:JSAIY - Get Free Report) was the recipient of a significant decline in short interest in March. As of March 15th, there was short interest totalling 8,100 shares, a decline of 85.4% from the February 28th total of 55,600 shares. Approximately 0.0% of the company's stock are sold short. Based on an average daily volume of 51,100 shares, the short-interest ratio is presently 0.2 days.

Analyst Upgrades and Downgrades

Separately, Hsbc Global Res upgraded J Sainsbury from a "hold" rating to a "strong-buy" rating in a research note on Friday, March 21st. Four research analysts have rated the stock with a strong buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of "Strong Buy".

J Sainsbury Price Performance

JSAIY stock traded up $0.14 during midday trading on Friday, reaching $12.51. 38,206 shares of the company's stock traded hands, compared to its average volume of 44,610. J Sainsbury has a 52 week low of $12.09 and a 52 week high of $16.43. The firm's fifty day moving average price is $12.92 and its 200-day moving average price is $13.75. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.57 and a current ratio of 0.74.

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.