J Sainsbury plc (OTCMKTS:JSAIY – Get Rating) saw a large decline in short interest during the month of July. As of July 15th, there was short interest totalling 99,700 shares, a decline of 16.4% from the June 30th total of 119,300 shares. Based on an average daily trading volume, of 162,500 shares, the short-interest ratio is presently 0.6 days.
Wall Street Analysts Forecast Growth
Several equities research analysts recently issued reports on JSAIY shares. Sanford C. Bernstein upgraded J Sainsbury from an “underperform” rating to a “market perform” rating in a report on Wednesday, July 6th. Jefferies Financial Group upgraded J Sainsbury from a “hold” rating to a “buy” rating in a report on Monday, April 11th. Finally, JPMorgan Chase & Co. lowered their target price on J Sainsbury from GBX 230 ($2.82) to GBX 190 ($2.33) in a report on Friday, April 29th.
J Sainsbury Stock Performance
Shares of J Sainsbury stock opened at $10.86 on Thursday. The stock’s 50 day simple moving average is $10.65 and its 200-day simple moving average is $12.58. J Sainsbury has a 1-year low of $9.81 and a 1-year high of $18.68.
J Sainsbury Cuts Dividend
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.
- Get a free copy of the StockNews.com research report on J Sainsbury (JSAIY)
- There Are Different Types of Stock To Invest In
- Is it Time to Tap Molson Coors or Will Beer Sales Turn Flat?
- Two High-Yield Deep-Values You Shouldn’t Ignore
- Is Starbucks Shooting For The Moon?
- PayPal Continues To Struggle As Competition Increases
Want More Great Investing Ideas?
- Bear Market Game Plan!
- The 10 Best Stocks to Own in 2022
- 7 Stocks to Buy and Hold Forever
- 3 Stocks to DOUBLE This Year
Receive News & Ratings for J Sainsbury Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for J Sainsbury and related companies with MarketBeat.com's FREE daily email newsletter.