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 the month of 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 daily volume of 43,200 shares, the days-to-cover ratio is currently 0.0 days.

J Sainsbury Price Performance

OTCMKTS JSAIY traded up $0.28 on Friday, reaching $14.64. 18,049 shares of the stock traded hands, compared to its average volume of 29,901. The company has a current ratio of 0.66, a quick ratio of 0.49 and a debt-to-equity ratio of 0.16. The company has a fifty day moving average price of $15.43 and a 200-day moving average price of $14.35. J Sainsbury has a 12 month low of $12.27 and a 12 month high of $16.43.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. UBS Group upgraded J Sainsbury to a “strong-buy” rating in a report on Monday, September 16th. Barclays upgraded J Sainsbury to a “strong-buy” rating in a report on Monday, September 16th. Finally, BNP Paribas upgraded 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.