Derwent London Plc (OTCMKTS:DWVYF) Sees Large Growth in Short Interest

Derwent London Plc (OTCMKTS:DWVYF - Get Free Report) was the target of a significant increase in short interest in May. As of May 31st, there was short interest totalling 257,900 shares, an increase of 41.0% from the May 15th total of 182,900 shares. Approximately 0.2% of the company's stock are short sold. Based on an average trading volume of 0 shares, the short-interest ratio is currently ∞ days.

Wall Street Analysts Forecast Growth

DWVYF has been the subject of several recent research reports. Citigroup upgraded Derwent London from a "hold" rating to a "strong-buy" rating in a report on Thursday, May 1st. The Goldman Sachs Group reissued a "buy" rating on shares of Derwent London in a research report on Monday, May 19th.

Derwent London Price Performance

Shares of Derwent London stock remained flat at $22.90 during trading hours on Thursday. The stock has a fifty day moving average of $22.89 and a two-hundred day moving average of $24.15. Derwent London has a fifty-two week low of $22.90 and a fifty-two week high of $30.30.

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.