J Sainsbury plc (OTCMKTS:JSAIY) Short Interest Up 29.8% in December

J Sainsbury plc (OTCMKTS:JSAIY) was the target of a large increase in short interest in December. As of December 31st, there was short interest totalling 48,300 shares, an increase of 29.8% from the December 15th total of 37,200 shares. Based on an average trading volume of 77,900 shares, the short-interest ratio is presently 0.6 days.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on JSAIY. Royal Bank of Canada raised J Sainsbury to a “moderate buy” rating in a report on Tuesday, November 19th. BNP Paribas raised shares of J Sainsbury to a “strong-buy” rating in a report on Friday, October 18th.

J Sainsbury Trading Up 1.0 %

J Sainsbury stock traded up $0.13 during midday trading on Friday, reaching $12.99. The stock had a trading volume of 26,355 shares, compared to its average volume of 29,948. The firm’s fifty day simple moving average is $13.45 and its two-hundred day simple moving average is $14.31. J Sainsbury has a twelve month low of $12.09 and a twelve month high of $16.43.

J Sainsbury Cuts Dividend

The business also recently disclosed a dividend, which was paid on Monday, December 30th. Investors of record on Monday, November 18th were given a dividend of $0.2025 per share. The ex-dividend date was 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.