Short Interest in J Sainsbury plc (OTCMKTS:JSAIY) Decreases By 66.7%

J Sainsbury plc (OTCMKTS:JSAIY - Get Free Report) was the target of a large decline in short interest in the month of March. As of March 31st, there was short interest totalling 2,700 shares, a decline of 66.7% from the March 15th total of 8,100 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 114,500 shares, the short-interest ratio is currently 0.0 days.

J Sainsbury Stock Performance

Shares of JSAIY traded up $0.53 during mid-day trading on Friday, reaching $13.70. 18,854 shares of the company's stock traded hands, compared to its average volume of 48,514. J Sainsbury has a 12 month low of $11.68 and a 12 month high of $16.43. The business's 50-day moving average price is $12.78 and its 200-day moving average price is $13.39. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.57 and a current ratio of 0.74.

Wall Street Analysts Forecast Growth

JSAIY has been the topic of a number of recent research reports. BNP Paribas cut shares of J Sainsbury from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 1st. Hsbc Global Res upgraded J Sainsbury from a "hold" rating to a "strong-buy" rating in a research note on Friday, March 21st. One research analyst has rated the stock with a hold rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Strong Buy".

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.