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

J Sainsbury plc (OTCMKTS:JSAIY) saw a large increase in short interest during the month of September. As of September 15th, there was short interest totalling 11,900 shares, an increase of 16.7% from the August 31st total of 10,200 shares. Based on an average daily volume of 19,000 shares, the days-to-cover ratio is currently 0.6 days.

J Sainsbury Price Performance

J Sainsbury stock traded up $0.18 during midday trading on Monday, hitting $16.27. 10,400 shares of the stock were exchanged, compared to its average volume of 31,094. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.66 and a quick ratio of 0.49. The stock’s 50-day simple moving average is $15.12 and its 200 day simple moving average is $14.12. J Sainsbury has a fifty-two week low of $11.96 and a fifty-two week high of $16.43.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on JSAIY. UBS Group raised shares of J Sainsbury to a “strong-buy” rating in a research note on Monday, September 16th. Barclays raised J Sainsbury to a “strong-buy” rating in a research note on Monday, September 16th.

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.