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

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

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. The Goldman Sachs Group raised shares of British Land from a “hold” rating to a “strong-buy” rating in a report on Monday, December 9th. Deutsche Bank Aktiengesellschaft upgraded shares of British Land from a “hold” rating to a “buy” rating in a research note on Wednesday, October 2nd. Three analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, British Land presently has an average rating of “Moderate Buy”.

British Land Price Performance

Shares of BTLCY stock traded up $0.16 during mid-day trading on Thursday, hitting $4.66. The stock had a trading volume of 38,798 shares, compared to its average volume of 65,866. British Land has a 12-month low of $4.13 and a 12-month high of $6.31. The firm’s 50-day moving average is $4.56 and its two-hundred day moving average is $5.15.

British Land Increases Dividend

The firm also recently announced a dividend, which was paid on Monday, January 27th. Shareholders of record on Friday, December 6th were given a dividend of $0.109 per share. This is an increase from British Land’s previous dividend of $0.10. The ex-dividend date was Friday, December 6th.

British Land Company Profile

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.