Short Interest in British Land Company PLC (OTCMKTS:BTLCY) Drops By 74.2%

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

British Land Stock Performance

Shares of BTLCY traded up $0.08 during midday trading on Wednesday, hitting $4.56. 23,740 shares of the stock traded hands, compared to its average volume of 56,830. The business’s 50 day moving average price is $4.51 and its two-hundred day moving average price is $5.11. British Land has a 1-year low of $4.13 and a 1-year high of $6.31.

British Land Increases Dividend

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

Analyst Upgrades and Downgrades

Several research firms have weighed in on BTLCY. Hsbc Global Res upgraded shares of British Land from a “hold” rating to a “strong-buy” rating in a report on Monday, February 3rd. The Goldman Sachs Group upgraded British Land from a “hold” rating to a “strong-buy” rating in a report on Monday, December 9th. Two research analysts have rated the stock with a hold rating, one has issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company 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.