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

British Land Company PLC (OTCMKTS:BTLCY) saw a large decline in short interest during the month of November. As of November 30th, there was short interest totalling 3,800 shares, a decline of 73.4% from the November 15th total of 14,300 shares. Based on an average daily volume of 51,000 shares, the short-interest ratio is presently 0.1 days.

British Land Stock Performance

Shares of BTLCY opened at $4.60 on Friday. The company’s fifty day moving average is $5.22 and its 200-day moving average is $5.36. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.59 and a current ratio of 0.59. British Land has a 12 month low of $4.29 and a 12 month high of $6.31.

British Land Increases Dividend

The business also recently disclosed a dividend, which will be paid on Monday, January 27th. Investors of record on Friday, December 6th will be paid a $0.109 dividend. This is an increase from British Land’s previous dividend of $0.10. The ex-dividend date of this dividend is Friday, December 6th.

Wall Street Analysts Forecast Growth

A number of research firms have commented on BTLCY. The Goldman Sachs Group raised shares of British Land from a “hold” rating to a “strong-buy” rating in a research note on Monday. Deutsche Bank Aktiengesellschaft raised shares of British Land from a “hold” rating to a “buy” rating in a research note on Wednesday, October 2nd. Three analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy”.

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.