Short Interest in British Land Company PLC (OTCMKTS:BTLCY) Drops By 30.0%

British Land Company PLC (OTCMKTS:BTLCY) saw a large decrease in short interest in the month of June. As of June 15th, there was short interest totalling 4,900 shares, a decrease of 30.0% from the May 31st total of 7,000 shares. Based on an average trading volume of 9,600 shares, the days-to-cover ratio is presently 0.5 days.

Analyst Upgrades and Downgrades

Separately, Stifel Nicolaus cut British Land from a “buy” rating to a “hold” rating in a report on Thursday, June 20th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $432.00.

British Land Stock Performance

OTCMKTS BTLCY traded up $0.10 on Friday, hitting $5.18. The company’s stock had a trading volume of 1,990 shares, compared to its average volume of 4,392. British Land has a 52-week low of $3.48 and a 52-week high of $5.64. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.41. The company’s 50-day simple moving average is $5.17 and its 200 day simple moving average is $4.93.

British Land Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Monday, August 5th. Shareholders of record on Friday, June 21st will be issued a $0.0953 dividend. The ex-dividend date is Friday, June 21st.

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.