British Land Company PLC (OTCMKTS:BTLCY) Short Interest Down 37.8% in March

British Land Company PLC (OTCMKTS:BTLCY - Get Free Report) saw a large drop in short interest during the month of March. As of March 15th, there was short interest totalling 13,500 shares, a drop of 37.8% from the February 28th total of 21,700 shares. Based on an average daily volume of 50,700 shares, the short-interest ratio is currently 0.3 days. Approximately 0.0% of the shares of the company are short sold.

British Land Stock Performance

Shares of OTCMKTS BTLCY traded up $0.03 during mid-day trading on Wednesday, hitting $4.82. 25,410 shares of the stock were exchanged, compared to its average volume of 37,725. British Land has a twelve month low of $4.13 and a twelve month high of $6.31. The stock's fifty day simple moving average is $4.58 and its two-hundred day simple moving average is $4.93.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on BTLCY. The Goldman Sachs Group raised shares of British Land from a "hold" rating to a "strong-buy" rating in a research report on Monday, December 9th. Hsbc Global Res raised British Land from a "hold" rating to a "strong-buy" rating in a report on Monday, February 3rd. Two research analysts have rated the stock with a hold rating, one has issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Buy".

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.