Short Interest in British Land Company PLC (OTCMKTS:BTLCY) Expands By 158.5%

British Land Company PLC (OTCMKTS:BTLCY) was the recipient of a large increase in short interest during the month of February. As of February 15th, there was short interest totalling 21,200 shares, an increase of 158.5% from the January 31st total of 8,200 shares. Based on an average daily volume of 68,200 shares, the days-to-cover ratio is currently 0.3 days.

Wall Street Analyst Weigh In

BTLCY has been the topic of several research analyst reports. Hsbc Global Res raised British Land from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 3rd. The Goldman Sachs Group raised 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 given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy”.

British Land Stock Performance

Shares of OTCMKTS:BTLCY traded down $0.07 during midday trading on Friday, reaching $4.51. The company’s stock had a trading volume of 6,525 shares, compared to its average volume of 43,929. The business’s fifty day simple moving average is $4.50 and its 200-day simple moving average is $5.06. British Land has a fifty-two week low of $4.13 and a fifty-two week high of $6.31.

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.