British Land Company PLC (OTCMKTS:BTLCY) Short Interest Up 683.9% in September

British Land Company PLC (OTCMKTS:BTLCY) was the recipient of a large increase in short interest in September. As of September 15th, there was short interest totalling 195,200 shares, an increase of 683.9% from the August 31st total of 24,900 shares. Based on an average daily volume of 125,000 shares, the short-interest ratio is presently 1.6 days.

British Land Stock Down 0.5 %

Shares of OTCMKTS BTLCY traded down $0.03 during trading hours on Friday, hitting $5.94. 3,849 shares of the stock were exchanged, compared to its average volume of 14,708. 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 company’s fifty day simple moving average is $5.46 and its two-hundred day simple moving average is $5.19. British Land has a 1-year low of $3.48 and a 1-year high of $6.31.

Analyst Ratings Changes

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

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.