Short Interest in British Land Company PLC (OTCMKTS:BTLCY) Grows By 49.6%

British Land Company PLC (OTCMKTS:BTLCY) was the target of a significant increase in short interest in the month of March. As of March 31st, there was short interest totalling 20,200 shares, an increase of 49.6% from the March 15th total of 13,500 shares. Based on an average daily volume of 62,600 shares, the short-interest ratio is presently 0.3 days. Approximately 0.0% of the company’s shares are sold short.

British Land Price Performance

Shares of British Land stock opened at $5.07 on Friday. The business’s 50 day simple moving average is $4.61 and its 200 day simple moving average is $4.80. British Land has a 52-week low of $4.13 and a 52-week high of $6.31.

Wall Street Analyst Weigh In

Separately, Hsbc Global Res upgraded British Land from a “hold” rating to a “strong-buy” rating in a report on Monday, February 3rd. Two analysts have rated the stock with a hold rating, one has given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy”.

About British Land

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.