Short Interest in Derwent London Plc (OTCMKTS:DWVYF) Declines By 91.7%

Posted by Stacy Sanders on Oct 11th, 2024

Derwent London Plc (OTCMKTS:DWVYF – Get Free Report) was the target of a significant decrease in short interest during the month of September. As of September 30th, there was short interest totalling 4,100 shares, a decrease of 91.7% from the September 15th total of 49,500 shares. Based on an average daily trading volume, of 100 shares, the short-interest ratio is currently 41.0 days.

Analysts Set New Price Targets

Separately, Citigroup upgraded shares of Derwent London to a “hold” rating in a research note on Thursday, October 3rd.

Read Our Latest Research Report on Derwent London

Derwent London Stock Performance

DWVYF remained flat at $30.30 during midday trading on Friday. The business’s fifty day moving average price is $30.04 and its 200 day moving average price is $27.78. Derwent London has a 1 year low of $23.50 and a 1 year high of $30.30.

Derwent London Company Profile

(Get Free Report)

Derwent London plc owns 66 buildings in a commercial real estate portfolio predominantly in central London valued at £4.9 billion as at 31 December 2023, making it the largest London office-focused real estate investment trust (REIT). Our experienced team has a long track record of creating value throughout the property cycle by regenerating our buildings via development or refurbishment, effective asset management and capital recycling.