Short Interest in J Sainsbury plc (OTCMKTS:JSAIY) Rises By 1,500.0%

J Sainsbury plc (OTCMKTS:JSAIY) saw a large increase in short interest in October. As of October 31st, there was short interest totalling 4,800 shares, an increase of 1,500.0% from the October 15th total of 300 shares. Based on an average daily volume of 35,600 shares, the short-interest ratio is presently 0.1 days.

Analysts Set New Price Targets

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

J Sainsbury Stock Performance

JSAIY traded down $0.55 during midday trading on Tuesday, hitting $12.70. 38,390 shares of the company were exchanged, compared to its average volume of 29,572. The firm’s 50 day moving average price is $15.09 and its 200-day moving average price is $14.42. 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 has a 1-year low of $12.52 and a 1-year high of $16.43.

J Sainsbury Cuts Dividend

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

J Sainsbury Company Profile

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.