Short Interest in J Sainsbury plc (OTCMKTS:JSAIY) Decreases By 81.3%

J Sainsbury plc (OTCMKTS:JSAIY) was the recipient of a significant decrease in short interest in the month of November. As of November 15th, there was short interest totalling 900 shares, a decrease of 81.3% from the October 31st total of 4,800 shares. Based on an average trading volume of 64,000 shares, the days-to-cover ratio is currently 0.0 days.

J Sainsbury Price Performance

Shares of OTCMKTS JSAIY traded up $0.06 during trading hours on Wednesday, hitting $12.97. 30,038 shares of the stock were exchanged, compared to its average volume of 31,371. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.66 and a quick ratio of 0.49. J Sainsbury has a one year low of $12.09 and a one year high of $16.43. The company’s 50 day moving average is $14.42 and its 200 day moving average is $14.35.

J Sainsbury Cuts Dividend

The firm also recently announced a dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, November 18th will be given a dividend of $0.2025 per share. The ex-dividend date is Monday, November 18th.

Analyst Upgrades and Downgrades

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