British Land Company PLC (OTCMKTS:BTLCY) Short Interest Down 10.5% in December

British Land Company PLC (OTCMKTS:BTLCY - Get Free Report) was the target of a large decrease in short interest in December. As of December 15th, there was short interest totalling 3,400 shares, a decrease of 10.5% from the November 30th total of 3,800 shares. Based on an average daily trading volume, of 51,900 shares, the days-to-cover ratio is presently 0.1 days.

Wall Street Analysts Forecast Growth

BTLCY has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft raised British Land from a "hold" rating to a "buy" rating in a research note on Wednesday, October 2nd. The Goldman Sachs Group upgraded shares of British Land from a "hold" rating to a "strong-buy" rating in a research report on Monday, December 9th. Three equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy".

British Land Stock Down 0.8 %

OTCMKTS BTLCY traded down $0.04 on Monday, reaching $4.46. 34,357 shares of the stock traded hands, compared to its average volume of 19,049. British Land has a 12 month low of $4.29 and a 12 month high of $6.31. The firm's fifty day simple moving average is $4.90 and its 200 day simple moving average is $5.28. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.59 and a current ratio of 0.59.

British Land Increases Dividend

The firm also recently declared a dividend, which will be paid on Monday, January 27th. Shareholders of record on Friday, December 6th will be given a $0.109 dividend. The ex-dividend date of this dividend is Friday, December 6th. This is a boost from British Land's previous dividend of $0.10.

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.