J Sainsbury plc (OTCMKTS:JSAIY) Short Interest Update

J Sainsbury plc (OTCMKTS:JSAIY) was the recipient of a significant growth in short interest in the month of December. As of December 31st, there was short interest totalling 48,300 shares, a growth of 29.8% from the December 15th total of 37,200 shares. Based on an average daily volume of 77,900 shares, the days-to-cover ratio is currently 0.6 days.

J Sainsbury Stock Up 1.0 %

JSAIY stock traded up $0.13 during trading on Friday, reaching $12.99. 26,355 shares of the stock were exchanged, compared to its average volume of 29,948. J Sainsbury has a twelve month low of $12.09 and a twelve month high of $16.43. The stock has a 50 day simple moving average of $13.45 and a 200-day simple moving average of $14.31.

J Sainsbury Cuts Dividend

The firm also recently declared a dividend, which was paid on Monday, December 30th. Investors of record on Monday, November 18th were given a $0.2025 dividend. The ex-dividend date of this dividend was Monday, November 18th.

Wall Street Analyst Weigh In

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