Short Interest in British Land Company PLC (OTCMKTS:BTLCY) Drops By 74.2%

British Land Company PLC (OTCMKTS:BTLCY) saw a large drop in short interest in the month of January. As of January 31st, there was short interest totalling 8,200 shares, a drop of 74.2% from the January 15th total of 31,800 shares. Based on an average daily trading volume, of 182,700 shares, the short-interest ratio is presently 0.0 days.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on BTLCY. Hsbc Global Res raised shares of British Land from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 3rd. The Goldman Sachs Group upgraded shares of British Land from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 9th. Two research analysts have rated the stock with a hold rating, one has issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, British Land currently has a consensus rating of “Buy”.

British Land Trading Up 1.9 %

OTCMKTS BTLCY traded up $0.09 during trading on Friday, reaching $4.65. The company’s stock had a trading volume of 8,501 shares, compared to its average volume of 64,606. British Land has a twelve month low of $4.13 and a twelve month high of $6.31. The business’s fifty day moving average price is $4.50 and its 200-day moving average price is $5.10.

British Land Increases Dividend

The company also recently declared a dividend, which was paid on Monday, January 27th. Stockholders of record on Friday, December 6th were paid a dividend of $0.109 per share. This is a positive change from British Land’s previous dividend of $0.10. The ex-dividend date was Friday, December 6th.

About British Land

Our portfolio of high quality UK commercial property is focused on London Campuses and Retail & London Urban Logistics assets throughout the UK. We own or manage a portfolio valued at £13.0bn (British Land share: £8.9bn) as at 31 March 2023 making us one of Europe's largest listed real estate investment companies.