British Land Company PLC Sponsored ADR (OTCMKTS:BTLCY) Short Interest Up 70.0% in March

Key Points

• Short interest rose 70.0% in March to 7,174 shares as of March 31 (up from 4,221 on March 15), but still represents about 0.0% of shares sold short and has a low days-to-cover of 0.3 days, suggesting limited short-squeeze risk.
• Shares opened at $5.06 and trade near the 50- and 200-day moving averages (~$5.15), within a 12-month range of $4.27 to $5.79; British Land is a UK-focused commercial property REIT.

British Land Company PLC Sponsored ADR (OTCMKTS:BTLCY - Get Free Report) was the target of a large growth in short interest in March. As of March 31st, there was short interest totaling 7,174 shares, a growth of 70.0% from the March 15th total of 4,221 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 23,883 shares, the days-to-cover ratio is presently 0.3 days.

British Land Stock Performance

Shares of BTLCY opened at $5.06 on Monday. The stock has a 50-day moving average price of $5.15 and a 200-day moving average price of $5.16. British Land has a 12-month low of $4.27 and a 12-month high of $5.79.

About British Land

British Land Company plc is a leading real estate investment trust primarily focused on the ownership, development and management of UK commercial property. The company's portfolio is centred on high-quality office and retail destinations in key urban locations, combining long-term holdings with active redevelopment projects. Its core business activities include leasing space to corporate and retail tenants, asset management, and undertaking new developments aimed at enhancing urban environments and driving sustainable value.

Founded in 1856 as the Land Mortgage and Agency Company, British Land adopted its current name in the 1970s as it expanded beyond mortgage lending into direct property investment.

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