J Sainsbury plc (OTCMKTS:JSAIY) Sees Large Increase in Short Interest

J Sainsbury plc (OTCMKTS:JSAIY - Get Free Report) was the target of a large increase in short interest in April. As of April 15th, there was short interest totalling 48,300 shares, an increase of 1,688.9% from the March 31st total of 2,700 shares. Based on an average daily volume of 144,900 shares, the short-interest ratio is currently 0.3 days. Approximately 0.0% of the shares of the stock are short sold.

J Sainsbury Price Performance

JSAIY stock traded down $0.08 during midday trading on Friday, hitting $14.00. 32,591 shares of the company's stock were exchanged, compared to its average volume of 48,181. The firm has a 50 day moving average price of $12.87 and a 200-day moving average price of $13.33. J Sainsbury has a 12-month low of $11.68 and a 12-month high of $16.43. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.74 and a quick ratio of 0.57.

Analyst Ratings Changes

Several equities analysts recently weighed in on JSAIY shares. Kepler Capital Markets downgraded J Sainsbury from a "strong-buy" rating to a "hold" rating in a research report on Wednesday. Hsbc Global Res raised J Sainsbury from a "hold" rating to a "strong-buy" rating in a research note on Friday, March 21st. Finally, BNP Paribas downgraded shares of J Sainsbury from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, April 1st. Two equities research analysts have rated the stock with a hold rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, 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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