British Land Company PLC (OTCMKTS:BTLCY) Short Interest Update

British Land Company PLC (OTCMKTS:BTLCY) was the target of a significant growth in short interest during the month of December. As of December 31st, there was short interest totalling 8,400 shares, a growth of 147.1% from the December 15th total of 3,400 shares. Based on an average daily volume of 102,500 shares, the short-interest ratio is currently 0.1 days.

British Land Price Performance

Shares of British Land stock traded up $0.02 during trading on Wednesday, reaching $4.20. 31,751 shares of the stock were exchanged, compared to its average volume of 27,944. British Land has a 1 year low of $4.13 and a 1 year high of $6.31. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.59 and a current ratio of 0.59. The stock’s fifty day moving average is $4.66 and its 200 day moving average is $5.20.

British Land Increases Dividend

The firm also recently announced 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. The ex-dividend date of this dividend is Friday, December 6th. This is a boost from British Land’s previous dividend of $0.10.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on BTLCY. The Goldman Sachs Group raised British Land from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 9th. Deutsche Bank Aktiengesellschaft raised British Land from a “hold” rating to a “buy” rating in a research note on Wednesday, October 2nd. Three research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

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.