British Land Company PLC (OTCMKTS:BTLCY) Short Interest Update

British Land Company PLC (OTCMKTS:BTLCY) was the target of a large growth in short interest in August. As of August 31st, there was short interest totalling 24,900 shares, a growth of 43.9% from the August 15th total of 17,300 shares. Based on an average daily volume of 93,400 shares, the short-interest ratio is currently 0.3 days.

British Land Stock Up 1.1 %

British Land stock traded up $0.06 during mid-day trading on Friday, hitting $6.05. The company’s stock had a trading volume of 6,380 shares, compared to its average volume of 12,698. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.59 and a current ratio of 0.59. The business has a 50 day moving average price of $5.32 and a 200-day moving average price of $5.10. British Land has a 12 month low of $3.48 and a 12 month high of $6.19.

Wall Street Analyst Weigh In

Several analysts have issued reports on BTLCY shares. Stifel Nicolaus cut shares of British Land from a “buy” rating to a “hold” rating in a research note on Thursday, June 20th. HSBC upgraded shares of British Land from a “reduce” rating to a “hold” rating in a research report on Monday, July 1st. Finally, Hsbc Global Res upgraded shares of British Land to a “hold” rating in a research report on Monday, July 1st. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold”.

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.