Short interest in J Sainsbury plc (LON:SBRY) has been on the rise since the new year kicked in, and especially picked up pace over the last couple of weeks. The grocery retailer is one of the U.K's largest supermarket stores, which is competing with the likes of Tesco PLC (LON:TSCO) and Wm. Morrison Supermarkets plc (LON:MRW).
Shortsellers are predicting Sainsbury’s fall, others still bullish
Short interest in J Sainsbury plc (LON:SBRY) is up from 3.47% at the end of 2013 to 5.7% as of now, a total of seven fund managers are betting on the short side of Sainsbury. Bets against Sainsbury did well in the past week as shares of the retailer fell nearly 8% in the last 5 trading sessions.
Setup a free account to get access to this article (no credit card required).Login required to continue reading.
