British Land Company PLC (OTCMKTS:BTLCY) Sees Significant Growth in Short Interest

British Land Company PLC (OTCMKTS:BTLCY) saw a significant increase in short interest in February. As of February 15th, there was short interest totalling 21,200 shares, an increase of 158.5% from the January 31st total of 8,200 shares. Based on an average daily trading volume, of 68,200 shares, the short-interest ratio is currently 0.3 days.

British Land Price Performance

BTLCY traded down $0.07 during midday trading on Friday, reaching $4.51. The company’s stock had a trading volume of 6,525 shares, compared to its average volume of 43,929. The stock’s 50-day moving average is $4.50 and its 200-day moving average is $5.06. British Land has a 1 year low of $4.13 and a 1 year high of $6.31.

Analysts Set New Price Targets

BTLCY has been the topic of several research reports. Hsbc Global Res raised British Land from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 3rd. The Goldman Sachs Group raised 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 assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Buy”.

British Land Company Profile

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.