Derwent London Plc (OTCMKTS:DWVYF) Short Interest Down 25.2% in August

Key Points

• Derwent London Plc experienced a **25.2% decline** in short interest in August, dropping from 648,600 shares to 485,100 shares.
• As of the latest trading session, shares of Derwent London remained **flat at $22.90**, marking a fifty-two week low.
• BNP Paribas downgraded Derwent London to an **"underperform" rating**, while the stock currently holds an average rating of **"Moderate Buy"** from analysts.

Derwent London Plc (OTCMKTS:DWVYF - Get Free Report) was the recipient of a large drop in short interest in the month of August. As of August 31st, there was short interest totaling 485,100 shares, a drop of 25.2% from the August 15th total of 648,600 shares. Approximately 0.4% of the company's shares are short sold. Based on an average daily volume of 100 shares, the short-interest ratio is currently 4,851.0 days. Based on an average daily volume of 100 shares, the short-interest ratio is currently 4,851.0 days. Approximately 0.4% of the company's shares are short sold.

Wall Street Analyst Weigh In

Separately, BNP Paribas cut shares of Derwent London to an "underperform" rating in a research report on Wednesday, September 10th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy".

Derwent London Price Performance

Derwent London stock remained flat at $22.90 during mid-day trading on Friday. Derwent London has a 52 week low of $22.90 and a 52 week high of $30.30. The company's fifty day simple moving average is $22.75 and its two-hundred day simple moving average is $23.05.

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.