British Land Company PLC (OTCMKTS:BTLCY) Short Interest Up 683.9% in September

British Land Company PLC (OTCMKTS:BTLCY) was the target of a large increase in short interest during the month of September. As of September 15th, there was short interest totalling 195,200 shares, an increase of 683.9% from the August 31st total of 24,900 shares. Based on an average daily volume of 125,000 shares, the short-interest ratio is presently 1.6 days.

British Land Price Performance

OTCMKTS BTLCY traded down $0.03 during mid-day trading on Friday, reaching $5.94. 3,849 shares of the stock were exchanged, compared to its average volume of 14,708. British Land has a one year low of $3.48 and a one year high of $6.31. The stock has a 50 day simple moving average of $5.46 and a 200-day simple moving average of $5.19. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.59 and a quick ratio of 0.59.

Wall Street Analysts Forecast Growth

BTLCY has been the subject of several analyst reports. Stifel Nicolaus downgraded shares of British Land from a “buy” rating to a “hold” rating in a research note on Thursday, June 20th. Hsbc Global Res raised shares of British Land to a “hold” rating in a research note on Monday, July 1st. Finally, HSBC raised shares of British Land from a “reduce” rating to a “hold” rating in a research note on Monday, July 1st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, British Land presently has a consensus rating of “Hold”.

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.