J Sainsbury plc (OTCMKTS:JSAIY) Short Interest Up 1,688.9% in April

J Sainsbury plc (OTCMKTS:JSAIY) was the target of a significant growth in short interest in the month of April. As of April 15th, there was short interest totalling 48,300 shares, a growth of 1,688.9% from the March 31st total of 2,700 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 144,900 shares, the short-interest ratio is currently 0.3 days.

J Sainsbury Trading Down 0.5 %

JSAIY opened at $14.00 on Monday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.57 and a current ratio of 0.74. J Sainsbury has a fifty-two week low of $11.68 and a fifty-two week high of $16.43. The company’s 50-day moving average is $12.87 and its 200 day moving average is $13.30.

Wall Street Analysts Forecast Growth

JSAIY has been the subject of a number of research reports. BNP Paribas cut shares of J Sainsbury from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 1st. Hsbc Global Res raised J Sainsbury from a “hold” rating to a “strong-buy” rating in a research note on Friday, March 21st. Finally, Kepler Capital Markets cut J Sainsbury from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 23rd. Two investment analysts have rated the stock with a hold rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Buy”.

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.