Short Interest in J Sainsbury plc (OTCMKTS:JSAIY) Drops By 85.4%

J Sainsbury plc (OTCMKTS:JSAIY) was the target of a significant decrease in short interest in the month of March. As of March 15th, there was short interest totalling 8,100 shares, a decrease of 85.4% from the February 28th total of 55,600 shares. Based on an average daily trading volume, of 51,100 shares, the short-interest ratio is presently 0.2 days. Approximately 0.0% of the company’s shares are short sold.

Analysts Set New Price Targets

Separately, Hsbc Global Res raised shares of J Sainsbury from a “hold” rating to a “strong-buy” rating in a report on Friday, March 21st. Four analysts have rated the stock with a strong buy rating, Based on data from MarketBeat.com, J Sainsbury has a consensus rating of “Strong Buy”.

J Sainsbury Trading Up 1.1 %

JSAIY traded up $0.14 during midday trading on Friday, reaching $12.51. 38,206 shares of the company were exchanged, compared to its average volume of 44,610. J Sainsbury has a one year low of $12.09 and a one year high of $16.43. The stock’s 50-day simple moving average is $12.92 and its 200 day simple moving average is $13.76. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.74 and a quick ratio of 0.57.

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.