Short Interest in British Land Company PLC (OTCMKTS:BTLCY) Decreases By 37.8%

British Land Company PLC (OTCMKTS:BTLCY) was the target of a significant decline in short interest in March. As of March 15th, there was short interest totalling 13,500 shares, a decline of 37.8% from the February 28th total of 21,700 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average trading volume of 50,700 shares, the days-to-cover ratio is presently 0.3 days.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on BTLCY shares. Hsbc Global Res raised British Land from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 3rd. The Goldman Sachs Group raised shares of British Land from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 9th. Two analysts have rated the stock with a hold rating, one has given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Buy”.

British Land Stock Up 3.2 %

BTLCY traded up $0.15 during trading on Monday, reaching $4.81. The company had a trading volume of 18,615 shares, compared to its average volume of 38,704. British Land has a 52 week low of $4.13 and a 52 week high of $6.31. The business has a 50 day simple moving average of $4.57 and a 200-day simple moving average of $4.95.

British Land Company Profile

Our portfolio of high quality UK commercial property is focused on London Campuses and Retail & London Urban Logistics assets throughout the UK. We own or manage a portfolio valued at £13.0bn (British Land share: £8.9bn) as at 31 March 2023 making us one of Europe's largest listed real estate investment companies.