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

British Land Company PLC (OTCMKTS:BTLCY) was the target of a large decline in short interest in January. As of January 31st, there was short interest totalling 8,200 shares, a decline of 74.2% from the January 15th total of 31,800 shares. Based on an average daily volume of 182,700 shares, the days-to-cover ratio is presently 0.0 days.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Hsbc Global Res upgraded shares of British Land from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 3rd. The Goldman Sachs Group upgraded British Land from a “hold” rating to a “strong-buy” rating in a report on Monday, December 9th. Two investment analysts have rated the stock with a hold rating, one has assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy”.

British Land Price Performance

OTCMKTS BTLCY traded up $0.09 on Thursday, hitting $4.65. The stock had a trading volume of 8,501 shares, compared to its average volume of 55,128. The business’s fifty day moving average price is $4.50 and its 200 day moving average price is $5.11. British Land has a 52-week low of $4.13 and a 52-week high of $6.31.

British Land Increases Dividend

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

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.