British Land Company PLC Sponsored ADR (OTCMKTS:BTLCY) Sees Significant Growth in Short Interest

Key Points

• Short interest surged 510.8% to 95,412 shares as of October 15, up from 15,622 shares at the end of September. The stock had a days-to-cover ratio of 2.2 based on average daily trading volume.
• British Land shares opened at $5.64, within a 12-month range of $4.50 to $6.00, while trading above both its 50-day and 200-day moving averages.
• Analyst sentiment remains mixed: some firms maintain “overweight” or “buy” views, while Kepler Capital Markets downgraded the stock to “strong sell” and Jefferies rates it “underperform.” The overall consensus is “Moderate Buy.”

British Land Company PLC Sponsored ADR (OTCMKTS:BTLCY - Get Free Report) was the recipient of a significant growth in short interest during the month of October. As of October 15th, there was short interest totaling 95,412 shares, a growth of 510.8% from the September 30th total of 15,622 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 43,295 shares, the days-to-cover ratio is presently 2.2 days.

British Land Price Performance

Shares of British Land stock opened at $5.64 on Tuesday. The company has a quick ratio of 0.32, a current ratio of 0.32 and a debt-to-equity ratio of 0.42. British Land has a 12 month low of $4.50 and a 12 month high of $6.00. The business has a fifty day simple moving average of $5.51 and a 200 day simple moving average of $5.40.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Kepler Capital Markets downgraded British Land from a "hold" rating to a "strong sell" rating in a report on Tuesday, September 22nd. Morgan Stanley reaffirmed an "overweight" rating on shares of British Land in a report on Tuesday, September 1st. Barclays reaffirmed an "overweight" rating on shares of British Land in a report on Monday, August 24th. Finally, Jefferies Financial Group reiterated an "underperform" rating on shares of British Land in a research report on Wednesday, October 14th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, British Land has a consensus rating of "Moderate Buy".

About British Land

British Land Company plc is a United Kingdom-based real estate investment and development company. The company owns, develops and manages commercial property, with a portfolio focused primarily on offices, retail parks, shopping centers and logistics-related assets.

Its activities include property development, asset management, leasing and investment management. British Land works with occupiers, retailers and other partners to create and operate mixed-use destinations, workplace campuses and retail-led properties.

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