British Land Company PLC (OTCMKTS:BTLCY) Short Interest Up 21.4% in July

British Land Company PLC (OTCMKTS:BTLCY) saw a large growth in short interest in the month of July. As of July 31st, there was short interest totalling 10,200 shares, a growth of 21.4% from the July 15th total of 8,400 shares. Based on an average trading volume of 8,900 shares, the days-to-cover ratio is presently 1.1 days.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. HSBC raised British Land from a “reduce” rating to a “hold” rating in a research note on Monday, July 1st. Stifel Nicolaus cut shares of British Land from a “buy” rating to a “hold” rating in a research report on Thursday, June 20th. Finally, Hsbc Global Res upgraded shares of British Land to a “hold” rating in a research report on Monday, July 1st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, British Land currently has an average rating of “Hold”.

British Land Stock Performance

BTLCY opened at $5.15 on Friday. British Land has a one year low of $3.48 and a one year high of $5.64. The business has a 50 day simple moving average of $5.20 and a two-hundred day simple moving average of $4.98. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.41.

British Land Cuts Dividend

The firm also recently announced a dividend, which was paid on Monday, August 5th. Investors of record on Friday, June 21st were issued a dividend of $0.0953 per share. The ex-dividend date was 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.