British Land Company PLC (OTCMKTS:BTLCY) Short Interest Down 66.0% in October

British Land Company PLC (OTCMKTS:BTLCY) was the recipient of a large drop in short interest in the month of October. As of October 31st, there was short interest totalling 21,700 shares, a drop of 66.0% from the October 15th total of 63,900 shares. Based on an average daily volume of 31,900 shares, the short-interest ratio is presently 0.7 days.

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft raised shares of British Land from a “hold” rating to a “buy” rating in a research report on Wednesday, October 2nd.

British Land Trading Down 0.2 %

Shares of OTCMKTS BTLCY traded down $0.01 during trading on Wednesday, hitting $5.06. 13,045 shares of the company were exchanged, compared to its average volume of 16,195. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.41. British Land has a 12-month low of $3.85 and a 12-month high of $6.31. The company has a fifty day moving average price of $5.75 and a 200-day moving average price of $5.39.

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.