Short Interest in British Land Company PLC (OTCMKTS:BTLCY) Drops By 37.8%

British Land Company PLC (OTCMKTS:BTLCY) saw a significant decrease in short interest in the month of March. As of March 15th, there was short interest totalling 13,500 shares, a decrease of 37.8% from the February 28th total of 21,700 shares. Based on an average trading volume of 50,700 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.0% of the shares of the company are sold short.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Hsbc Global Res raised shares of British Land from a “hold” rating to a “strong-buy” rating in a 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 assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, British Land currently has an average rating of “Buy”.

British Land Stock Performance

Shares of OTCMKTS BTLCY opened at $4.81 on Friday. British Land has a one year low of $4.13 and a one year high of $6.31. The business has a fifty day simple moving average of $4.57 and a 200 day simple moving average of $4.96.

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.