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

J Sainsbury plc (OTCMKTS:JSAIY) was the recipient of a large drop in short interest during the month of March. As of March 15th, there was short interest totalling 8,100 shares, a drop of 85.4% from the February 28th total of 55,600 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 51,100 shares, the short-interest ratio is currently 0.2 days.

Analyst Upgrades and Downgrades

Separately, Hsbc Global Res raised shares of J Sainsbury from a “hold” rating to a “strong-buy” rating in a report on Friday, March 21st. Four equities research analysts have rated the stock with a strong buy rating, According to MarketBeat, J Sainsbury currently has a consensus rating of “Strong Buy”.

J Sainsbury Stock Down 0.3 %

OTCMKTS JSAIY traded down $0.04 on Wednesday, hitting $12.28. 24,245 shares of the company were exchanged, compared to its average volume of 44,722. J Sainsbury has a 1-year low of $12.09 and a 1-year high of $16.43. The firm has a 50 day moving average of $12.94 and a two-hundred day moving average of $13.79. The company has a quick ratio of 0.57, a current ratio of 0.74 and a debt-to-equity ratio of 0.17.

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.