J Sainsbury plc (OTCMKTS:JSAIY) Short Interest Down 98.8% in October

J Sainsbury plc (OTCMKTS:JSAIY) was the recipient of a large decline in short interest in October. As of October 15th, there was short interest totalling 300 shares, a decline of 98.8% from the September 30th total of 25,100 shares. Based on an average trading volume of 43,200 shares, the short-interest ratio is presently 0.0 days.

Analysts Set New Price Targets

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

J Sainsbury Stock Up 1.9 %

OTCMKTS:JSAIY traded up $0.28 during mid-day trading on Friday, hitting $14.64. 18,049 shares of the company’s stock traded hands, compared to its average volume of 29,901. The company has a fifty day moving average of $15.43 and a 200 day moving average of $14.35. J Sainsbury has a twelve month low of $12.27 and a twelve month high of $16.43. The company has a current ratio of 0.66, a quick ratio of 0.49 and a debt-to-equity ratio of 0.16.

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.