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

Key Points

• Short interest in Derwent London Plc increased by 43.8% in July, rising from 437,500 shares to a total of 629,200 shares.
• Shares of Derwent London traded at approximately $22.20, with a 12-month range between $22.90 and $30.30.
• Brokerages have upgraded their ratings for Derwent London, with one analyst assigning a Strong Buy rating and another a Buy rating.

Derwent London Plc (OTCMKTS:DWVYF - Get Free Report) saw a large growth in short interest during the month of July. As of July 31st, there was short interest totaling 629,200 shares, agrowthof43.8% from the July 15th total of 437,500 shares. Approximately0.6% of the company's shares are short sold. Based on an average daily volume of 100 shares, the short-interest ratio is presently 6,292.0 days. Based on an average daily volume of 100 shares, the short-interest ratio is presently 6,292.0 days. Approximately0.6% of the company's shares are short sold.

Derwent London Price Performance

DWVYF stock remained flat at $22.1962 during mid-day trading on Friday. 2 shares of the company's stock were exchanged, compared to its average volume of 55. The business has a 50 day moving average of $22.80 and a 200 day moving average of $23.25. Derwent London has a twelve month low of $22.90 and a twelve month high of $30.30.

Analyst Ratings Changes

Several brokerages have issued reports on DWVYF. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Derwent London in a research note on Monday, May 19th. Citigroup raised Derwent London from a "hold" rating to a "strong-buy" rating in a research note on Thursday, May 1st. One research analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Strong Buy".

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.