British Land Company PLC (OTCMKTS:BTLCY) Sees Significant Decrease in Short Interest

British Land Company PLC (OTCMKTS:BTLCY) was the target of a large decline in short interest in the month of January. As of January 31st, there was short interest totalling 8,200 shares, a decline of 74.2% from the January 15th total of 31,800 shares. Based on an average trading volume of 182,700 shares, the short-interest ratio is presently 0.0 days.

British Land Price Performance

Shares of OTCMKTS:BTLCY traded up $0.09 during trading on Thursday, hitting $4.65. 8,501 shares of the stock traded hands, compared to its average volume of 55,128. The company has a fifty day moving average price of $4.50 and a two-hundred day moving average price of $5.11. British Land has a 52-week low of $4.13 and a 52-week high of $6.31.

British Land Increases Dividend

The company also recently disclosed a dividend, which was paid on Monday, January 27th. Shareholders of record on Friday, December 6th were given a $0.109 dividend. The ex-dividend date was Friday, December 6th. This is an increase from British Land’s previous dividend of $0.10.

Analyst Ratings Changes

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

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.