British Land Company PLC Sponsored ADR (OTCMKTS:BTLCY) Sees Large Increase in Short Interest

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. Approximately 0.0% of the company's stock are sold short. Based on an average daily trading volume, of 21,000 shares, the short-interest ratio is presently 0.4 days. Based on an average daily trading volume, of 21,000 shares, the short-interest ratio is presently 0.4 days. Approximately 0.0% of the company's stock are sold short.

British Land Stock Performance

BTLCY traded down $0.07 during trading on Friday, reaching $4.45. 5,261 shares of the stock traded hands, compared to its average volume of 12,490. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.25 and a quick ratio of 0.25. British Land has a fifty-two week low of $4.13 and a fifty-two week high of $6.31. The stock's 50-day simple moving average is $4.68 and its two-hundred day simple moving average is $4.88.

British Land Cuts Dividend

The business also recently announced a dividend, which was paid on Monday, August 4th. Shareholders of record on Monday, June 23rd were paid a $0.0946 dividend. This represents a yield of 381.0%. The ex-dividend date was Friday, June 20th.

Analysts Set New Price Targets

BTLCY has been the subject of several recent analyst reports. UBS Group cut British Land from a "strong-buy" rating to a "hold" rating in a research report on Thursday, June 26th. Kepler Capital Markets cut British Land from a "strong-buy" rating to a "hold" rating in a research report on Friday, May 30th. Two equities research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Buy".

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.

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