British Land Company PLC (OTCMKTS:BTLCY) Short Interest Down 34.1% in November

British Land Company PLC (OTCMKTS:BTLCY) was the target of a significant decrease in short interest during the month of November. As of November 15th, there was short interest totalling 14,300 shares, a decrease of 34.1% from the October 31st total of 21,700 shares. Based on an average daily volume of 49,800 shares, the short-interest ratio is presently 0.3 days.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft upgraded British Land from a “hold” rating to a “buy” rating in a research note on Wednesday, October 2nd.

British Land Stock Up 0.8 %

Shares of BTLCY traded up $0.04 during trading hours on Friday, hitting $4.96. 13,536 shares of the stock traded hands, compared to its average volume of 24,815. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.41. British Land has a 1-year low of $4.29 and a 1-year high of $6.31. The business has a fifty day moving average of $5.43 and a 200-day moving average of $5.37.

British Land Increases Dividend

The firm also recently announced a dividend, which will be paid on Monday, January 27th. Shareholders of record on Friday, December 6th will be paid a $0.109 dividend. This is a boost from British Land’s previous dividend of $0.10. The ex-dividend date of this dividend is Friday, December 6th.

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.