Short Interest in British Land Company PLC (OTCMKTS:BTLCY) Drops By 37.8%

British Land Company PLC (OTCMKTS:BTLCY) was the recipient of a large decline in short interest in the month of March. As of March 15th, there was short interest totalling 13,500 shares, a decline of 37.8% from the February 28th total of 21,700 shares. Based on an average daily trading volume, of 50,700 shares, the short-interest ratio is presently 0.3 days. Approximately 0.0% of the company’s shares are sold short.

Analyst Ratings Changes

Several analysts have recently commented on BTLCY shares. 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 upgraded British Land from a “hold” rating to a “strong-buy” rating in a report on Monday, December 9th. Two research analysts have rated the stock with a hold rating, one has assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy”.

British Land Stock Up 3.2 %

Shares of British Land stock traded up $0.15 during trading on Friday, hitting $4.81. 18,615 shares of the stock traded hands, compared to its average volume of 38,704. The company has a fifty day moving average price of $4.57 and a two-hundred day moving average price of $4.96. British Land has a twelve month low of $4.13 and a twelve month 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.