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

J Sainsbury plc (OTCMKTS:JSAIY) 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.

J Sainsbury Trading Up 1.9 %

Shares of JSAIY traded up $0.28 during mid-day trading on Friday, reaching $14.64. The company had a trading volume of 18,107 shares, compared to its average volume of 29,901. J Sainsbury has a 52-week low of $12.27 and a 52-week high of $16.43. The stock has a 50 day moving average of $15.43 and a two-hundred day moving average of $14.37. The company has a quick ratio of 0.49, a current ratio of 0.66 and a debt-to-equity ratio of 0.16.

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.