Derwent London Plc (OTCMKTS:DWVYF) Short Interest Down 45.1% in September

Key Points

• Derwent London Plc experienced a significant drop in short interest of 45.1% in September, with total short interest falling to 266,100 shares.
• The company's stock price remained stable at $22.90, while analysts have mixed ratings, resulting in a consensus rating of "Moderate Buy".
• Derwent London is the largest London office-focused real estate investment trust (REIT), owning a commercial real estate portfolio valued at £4.9 billion.

Derwent London Plc (OTCMKTS:DWVYF - Get Free Report) was the target of a significant decrease in short interest during the month of September. As of September 15th, there was short interest totaling 266,100 shares, a decrease of 45.1% from the August 31st total of 485,100 shares. Based on an average trading volume of 100 shares, the days-to-cover ratio is currently 2,661.0 days. Based on an average trading volume of 100 shares, the days-to-cover ratio is currently 2,661.0 days.

Derwent London Price Performance

Derwent London stock remained flat at $22.90 during mid-day trading on Friday. The business has a fifty day moving average of $22.75 and a two-hundred day moving average of $22.96. Derwent London has a twelve month low of $22.90 and a twelve month high of $30.30.

Wall Street Analysts Forecast Growth

Separately, BNP Paribas cut Derwent London to an "underperform" rating in a research note on Wednesday, September 10th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, Derwent London presently has a consensus rating of "Moderate Buy".

About Derwent London

Derwent London plc owns 66 buildings in a commercial real estate portfolio predominantly in central London valued at £4.9 billion as at 31 December 2023, making it the largest London office-focused real estate investment trust (REIT). Our experienced team has a long track record of creating value throughout the property cycle by regenerating our buildings via development or refurbishment, effective asset management and capital recycling.

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