British Land Company PLC (OTCMKTS:BTLCY) Sees Large Decrease in Short Interest

British Land Company PLC (OTCMKTS:BTLCY - Get Free Report) was the recipient of a large decline in short interest in the month of September. As of September 30th, there was short interest totalling 4,000 shares, a decline of 98.0% from the September 15th total of 195,200 shares. Based on an average daily volume of 71,500 shares, the short-interest ratio is presently 0.1 days.

Analysts Set New Price Targets

A number of brokerages recently commented on BTLCY. HSBC upgraded British Land from a "reduce" rating to a "hold" rating in a research report on Monday, July 1st. Deutsche Bank Aktiengesellschaft raised shares of British Land from a "hold" rating to a "buy" rating in a report on Wednesday, October 2nd. Hsbc Global Res raised shares of British Land to a "hold" rating in a research note on Monday, July 1st. Finally, Stifel Nicolaus cut British Land from a "buy" rating to a "hold" rating in a research note on Thursday, June 20th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, British Land presently has a consensus rating of "Hold".

British Land Stock Down 0.7 %

OTCMKTS BTLCY traded down $0.04 during trading hours on Thursday, reaching $5.81. The company's stock had a trading volume of 47,509 shares, compared to its average volume of 15,866. British Land has a 52 week low of $3.48 and a 52 week high of $6.31. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.41. The firm has a fifty day simple moving average of $5.60 and a 200-day simple moving average of $5.27.

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.