British Land Company PLC (OTCMKTS:BTLCY) Short Interest Up 683.9% in September

by · The Cerbat Gem

British Land Company PLC (OTCMKTS:BTLCY – Get Free Report) was the target of a large increase in short interest during the month of September. As of September 15th, there was short interest totalling 195,200 shares, an increase of 683.9% from the August 31st total of 24,900 shares. Based on an average daily volume of 125,000 shares, the short-interest ratio is presently 1.6 days.

British Land Price Performance

OTCMKTS BTLCY traded down $0.03 during mid-day trading on Friday, reaching $5.94. 3,849 shares of the stock were exchanged, compared to its average volume of 14,708. British Land has a one year low of $3.48 and a one year high of $6.31. The stock has a 50 day simple moving average of $5.46 and a 200-day simple moving average of $5.19. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.59 and a quick ratio of 0.59.

Wall Street Analysts Forecast Growth

BTLCY has been the subject of several analyst reports. Stifel Nicolaus downgraded shares of British Land from a “buy” rating to a “hold” rating in a research note on Thursday, June 20th. Hsbc Global Res raised shares of British Land to a “hold” rating in a research note on Monday, July 1st. Finally, HSBC raised shares of British Land from a “reduce” rating to a “hold” rating in a research note on Monday, July 1st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, British Land presently has a consensus rating of “Hold”.

Check Out Our Latest Stock Analysis on British Land

British Land Company Profile

(Get Free Report)

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.

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