Short Interest in British Land Company PLC (OTCMKTS:BTLCY) Expands By 69.6%

British Land Company PLC (OTCMKTS:BTLCY) saw a significant growth in short interest in the month of August. As of August 15th, there was short interest totalling 17,300 shares, a growth of 69.6% from the July 31st total of 10,200 shares. Based on an average daily volume of 9,200 shares, the days-to-cover ratio is presently 1.9 days.

British Land Stock Up 2.9 %

Shares of BTLCY opened at $5.48 on Friday. The stock’s fifty day moving average is $5.18 and its 200-day moving average is $5.01. British Land has a one year low of $3.48 and a one year high of $5.64. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.59 and a quick ratio of 0.59.

Analyst Ratings Changes

BTLCY has been the topic of a number of analyst reports. Stifel Nicolaus lowered British Land from a “buy” rating to a “hold” rating in a research report on Thursday, June 20th. HSBC raised shares of British Land from a “reduce” rating to a “hold” rating in a research report on Monday, July 1st. Finally, Hsbc Global Res raised shares of British Land to a “hold” rating in a report on Monday, July 1st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold”.

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.