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

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

J Sainsbury Stock Performance

Shares of J Sainsbury stock traded up $0.18 on Monday, hitting $16.27. The stock had a trading volume of 10,400 shares, compared to its average volume of 10,290. The company’s 50 day moving average price is $15.12 and its 200 day moving average price is $14.12. 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 has a 52-week low of $11.96 and a 52-week high of $16.43.

Analysts Set New Price Targets

Several research firms recently commented on JSAIY. Barclays raised J Sainsbury to a “strong-buy” rating in a research report on Monday, September 16th. UBS Group upgraded shares of J Sainsbury to a “strong-buy” rating in a report 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.