British Land Company PLC (OTCMKTS:BTLCY) Sees Large Decrease in Short Interest

British Land Company PLC (OTCMKTS:BTLCY) was the recipient of a large drop in short interest during the month of November. As of November 30th, there was short interest totalling 3,800 shares, a drop of 73.4% from the November 15th total of 14,300 shares. Based on an average daily trading volume, of 51,000 shares, the short-interest ratio is currently 0.1 days.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft upgraded British Land from a “hold” rating to a “buy” rating in a research note on Wednesday, October 2nd.

British Land Price Performance

Shares of OTCMKTS:BTLCY traded up $0.04 during mid-day trading on Wednesday, reaching $4.68. The company had a trading volume of 41,454 shares, compared to its average volume of 17,474. The company’s 50-day moving average price is $5.27 and its 200-day moving average price is $5.36. British Land has a one year low of $4.29 and a one year high of $6.31. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.41.

British Land Increases Dividend

The company also recently declared a dividend, which will be paid on Monday, January 27th. Stockholders of record on Friday, December 6th will be paid a dividend of $0.109 per share. This is an increase from British Land’s previous dividend of $0.10. The ex-dividend date of this dividend is Friday, December 6th.

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.