Short Interest in Derwent London Plc (OTCMKTS:DWVYF) Declines By 25.2%

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 significant decrease in short interest in the month of August. As of August 31st, there was short interest totaling 485,100 shares, a decrease of 25.2% from the August 15th total of 648,600 shares. Based on an average daily trading volume, of 100 shares, the short-interest ratio is currently 4,851.0 days. Approximately 0.4% of the shares of the stock are short sold. Approximately 0.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 100 shares, the short-interest ratio is currently 4,851.0 days.

Analysts Set New Price Targets

Separately, BNP Paribas downgraded Derwent London to an "underperform" rating in a research note on Wednesday, September 10th. One 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 stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy".

Derwent London Stock Performance

Shares of OTCMKTS DWVYF remained flat at $22.90 during midday trading on Friday. The stock had a trading volume of 2 shares, compared to its average volume of 2. The business's fifty day moving average is $22.75 and its 200 day moving average is $23.04. Derwent London has a fifty-two week low of $22.90 and a fifty-two week high of $30.30.

Derwent London Company Profile

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.