British Land Company PLC Sponsored ADR (OTCMKTS:BTLCY) Short Interest Up 120.6% in August

Key Points

• Short interest in British Land Company PLC (OTCMKTS:BTLCY) increased by 120.6% in August, reaching a total of 7,500 shares as of August 31st.
• The company announced a recent dividend payment, yielding 381.0%, paid on August 4th to shareholders of record as of June 23rd.
• Several analysts downgraded British Land's stock rating from "strong-buy" to "hold", now reflecting an average rating of "Buy".

British Land Company PLC Sponsored ADR (OTCMKTS:BTLCY - Get Free Report) was the target of a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 7,500 shares, an increase of 120.6% from the August 15th total of 3,400 shares. Currently, 0.0% of the company's shares are short sold. Based on an average daily trading volume, of 21,000 shares, the short-interest ratio is currently 0.4 days. Based on an average daily trading volume, of 21,000 shares, the short-interest ratio is currently 0.4 days. Currently, 0.0% of the company's shares are short sold.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. UBS Group lowered shares of British Land from a "strong-buy" rating to a "hold" rating in a report on Thursday, June 26th. Kepler Capital Markets lowered shares of British Land from a "strong-buy" rating to a "hold" rating in a report on Friday, May 30th. Two investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Buy".

British Land Stock Up 1.8%

Shares of OTCMKTS:BTLCY traded up $0.08 during midday trading on Thursday, hitting $4.59. 13,046 shares of the company's stock were exchanged, compared to its average volume of 25,005. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.42. The stock has a 50 day moving average price of $4.66 and a 200-day moving average price of $4.88. British Land has a 12 month low of $4.13 and a 12 month high of $6.31.

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.