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

British Land Company PLC (OTCMKTS:BTLCY - Get Free Report) saw a significant increase in short interest in October. As of October 15th, there was short interest totalling 63,900 shares, an increase of 1,497.5% from the September 30th total of 4,000 shares. Based on an average trading volume of 92,100 shares, the short-interest ratio is currently 0.7 days.

British Land Stock Down 1.3 %

BTLCY traded down $0.08 on Friday, reaching $5.54. 4,585 shares of the company traded hands, compared to its average volume of 16,435. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.41. British Land has a one year low of $3.49 and a one year high of $6.31. The firm has a fifty day simple moving average of $5.76 and a two-hundred day simple moving average of $5.34.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on BTLCY. Deutsche Bank Aktiengesellschaft raised British Land from a "hold" rating to a "buy" rating in a research report on Wednesday, October 2nd. HSBC raised shares of British Land from a "reduce" rating to a "hold" rating in a research note on Monday, July 1st. Finally, Hsbc Global Res raised shares of British Land to a "hold" rating in a research note on Monday, July 1st.

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.