Short Interest in Land Securities Group PLC (OTCMKTS:LSGOF) Increases By 869.3%

Key Points

• Short interest in Land Securities Group PLC increased by 869.3% in September, rising to a total of 606,800 shares from 62,600 shares at the end of August.
• The days-to-cover ratio is currently 224.7 days based on an average daily trading volume of 2,700 shares.
• As of mid-day trading on Tuesday, shares of Land Securities Group stock remained flat at $7.70, slightly above its 50-day and 200-day simple moving averages.

Land Securities Group PLC (OTCMKTS:LSGOF - ) was the target of a significant increase in short interest in September. As of September 15th, there was short interest totaling 606,800 shares, an increase of 869.3% from the August 31st total of 62,600 shares. Based on an average daily volume of 2,700 shares, the days-to-cover ratio is presently 224.7 days. Based on an average daily volume of 2,700 shares, the days-to-cover ratio is presently 224.7 days.

Land Securities Group Stock Performance

Shares of LSGOF stock remained flat at $7.70 during mid-day trading on Tuesday. 16 shares of the stock were exchanged, compared to its average volume of 1,055. The firm's 50 day simple moving average is $7.67 and its 200-day simple moving average is $7.75. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.58. Land Securities Group has a 1 year low of $6.47 and a 1 year high of $8.89.

Land Securities Group Company Profile

At Landsec, we build and invest in buildings, spaces and partnerships to create sustainable places, connect communities and realise potential. We are one of the largest real estate companies in Europe, with a £12 billion portfolio of retail, leisure, workspace and residential hubs. Landsec is shaping a better future by leading our industry on environmental and social sustainability while delivering value for our shareholders, great experiences for our guests and positive change for our communities.

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