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

J Sainsbury plc (OTCMKTS:JSAIY) saw a large drop in short interest in the month of November. As of November 15th, there was short interest totalling 900 shares, a drop of 81.3% from the October 31st total of 4,800 shares. Based on an average daily volume of 64,000 shares, the short-interest ratio is presently 0.0 days.

Analyst Upgrades and Downgrades

JSAIY has been the topic of a number of analyst reports. Royal Bank of Canada raised shares of J Sainsbury to a “moderate buy” rating in a research note on Tuesday, November 19th. UBS Group upgraded shares of J Sainsbury to a “strong-buy” rating in a research report on Monday, September 16th. BNP Paribas upgraded shares of J Sainsbury to a “strong-buy” rating in a research report on Friday, October 18th. Finally, Barclays upgraded J Sainsbury to a “strong-buy” rating in a research report on Monday, September 16th.

J Sainsbury Trading Up 3.5 %

Shares of OTCMKTS JSAIY traded up $0.46 during trading on Friday, hitting $13.43. The company had a trading volume of 28,098 shares, compared to its average volume of 31,357. J Sainsbury has a fifty-two week low of $12.09 and a fifty-two week high of $16.43. The stock has a fifty day simple moving average of $14.31 and a two-hundred day simple moving average of $14.33. 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 Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, November 18th will be issued a $0.2025 dividend. The ex-dividend date is Monday, November 18th.

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.