J Sainsbury plc (OTCMKTS:JSAIY – Get Free Report) was the target of a significant drop in short interest in October. As of October 15th, there was short interest totalling 300 shares, a drop of 98.8% from the September 30th total of 25,100 shares. Based on an average trading volume of 43,200 shares, the days-to-cover ratio is currently 0.0 days.
Analysts Set New Price Targets
JSAIY has been the topic of a number of research analyst reports. BNP Paribas upgraded J Sainsbury to a “strong-buy” rating in a research note on Friday, October 18th. UBS Group upgraded shares of J Sainsbury to a “strong-buy” rating in a research note on Monday, September 16th. Finally, Barclays raised shares of J Sainsbury to a “strong-buy” rating in a report on Monday, September 16th.
Read Our Latest Stock Analysis on JSAIY
J Sainsbury Trading Up 1.9 %
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.
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