Short Interest in Derwent London Plc (OTCMKTS:DWVYF) Rises By 65.8%

Key Points

• Derwent London Plc experienced a significant increase in short interest, with a total of 437,500 shares as of July 15th, marking a 65.8% rise from the previous month.
• Analysts have shown positive sentiment towards the company, with Goldman Sachs reiterating a "buy" rating and Citigroup upgrading it from "hold" to "strong-buy".
• Currently, Derwent London's shares are trading at approximately $22.90, within a 52-week range of $22.90 to $30.30.

Derwent London Plc (OTCMKTS:DWVYF - Get Free Report) was the target of a significant growth in short interest in the month of July. As of July 15th, there was short interest totaling 437,500 shares, agrowthof65.8% from the June 30th total of 263,800 shares. Based on an average trading volume of 0 shares, the days-to-cover ratio is currently ∞ days. Based on an average trading volume of 0 shares, the days-to-cover ratio is currently ∞ days.

Derwent London Stock Performance

Derwent London stock remained flat at $22.90 during mid-day trading on Friday. Derwent London has a one year low of $22.90 and a one year high of $30.30. The business's fifty day simple moving average is $22.87 and its two-hundred day simple moving average is $23.38.

Analyst Ratings Changes

A number of research firms recently commented on DWVYF. Citigroup upgraded shares of Derwent London from a "hold" rating to a "strong-buy" rating in a research note on Thursday, May 1st. The Goldman Sachs Group restated a "buy" rating on shares of Derwent London in a research report on Monday, May 19th.

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.