British Land Company PLC (OTCMKTS:BTLCY) Short Interest Up 49.6% in March

British Land Company PLC (OTCMKTS:BTLCY - Get Free Report) was the target of a significant increase in short interest in March. As of March 31st, there was short interest totalling 20,200 shares, an increase of 49.6% from the March 15th total of 13,500 shares. Based on an average daily volume of 62,600 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.0% of the company's shares are short sold.

Wall Street Analyst Weigh In

Separately, Hsbc Global Res upgraded British Land from a "hold" rating to a "strong-buy" rating in a report on Monday, February 3rd. Two investment analysts have rated the stock with a hold rating, one has given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Buy".

British Land Trading Up 2.8 %

BTLCY traded up $0.14 during midday trading on Friday, hitting $5.07. The company had a trading volume of 9,991 shares, compared to its average volume of 40,332. The stock's 50 day moving average price is $4.61 and its 200 day moving average price is $4.80. British Land has a 52 week low of $4.13 and a 52 week high of $6.31.

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.