J Sainsbury plc (OTCMKTS:JSAIY) Sees Significant Decrease in Short Interest

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

Wall Street Analyst Weigh In

JSAIY has been the topic of several research analyst reports. Royal Bank of Canada raised shares of J Sainsbury to a “moderate buy” rating in a report on Tuesday, November 19th. BNP Paribas upgraded shares of J Sainsbury to a “strong-buy” rating in a report on Friday, October 18th. Barclays upgraded shares of J Sainsbury to a “strong-buy” rating in a report on Monday, September 16th. Finally, UBS Group upgraded J Sainsbury to a “strong-buy” rating in a report on Monday, September 16th.

J Sainsbury Stock Up 3.5 %

JSAIY stock traded up $0.46 during midday trading on Friday, reaching $13.43. The stock had a trading volume of 28,098 shares, compared to its average volume of 31,357. The firm has a fifty day simple moving average of $14.31 and a two-hundred day simple moving average of $14.33. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.49 and a current ratio of 0.66. J Sainsbury has a 52-week low of $12.09 and a 52-week high of $16.43.

J Sainsbury Cuts Dividend

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