Short Interest in British Land Company PLC (OTCMKTS:BTLCY) Expands By 147.1%

British Land Company PLC (OTCMKTS:BTLCY - Get Free Report) was the target of a large growth in short interest during the month of December. As of December 31st, there was short interest totalling 8,400 shares, a growth of 147.1% from the December 15th total of 3,400 shares. Based on an average trading volume of 102,500 shares, the days-to-cover ratio is presently 0.1 days.

British Land Trading Up 0.4 %

Shares of British Land stock traded up $0.02 on Tuesday, reaching $4.20. 31,751 shares of the company's stock were exchanged, compared to its average volume of 27,944. British Land has a 52 week low of $4.13 and a 52 week high of $6.31. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.59 and a quick ratio of 0.59. The firm's 50-day moving average is $4.68 and its two-hundred day moving average is $5.21.

British Land Increases Dividend

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

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. The Goldman Sachs Group raised shares of British Land from a "hold" rating to a "strong-buy" rating in a report on Monday, December 9th. Deutsche Bank Aktiengesellschaft raised British Land from a "hold" rating to a "buy" rating in a research report on Wednesday, October 2nd. Three equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, British Land presently has a consensus rating of "Moderate 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.