Short Interest in LondonMetric Property Plc (OTCMKTS:LNSPF) Decreases By 97.9%

LondonMetric Property Plc (OTCMKTS:LNSPF) was the target of a large drop in short interest in May. As of May 29th, there was short interest totaling 761 shares, a drop of 97.9% from the May 14th total of 36,645 shares. Based on an average trading volume of 166,699 shares, the days-to-cover ratio is presently 0.0 days.

LondonMetric Property Price Performance

Shares of LNSPF remained flat at $2.41 during trading hours on Thursday. The firm has a 50-day moving average of $2.60 and a 200 day moving average of $2.62. LondonMetric Property has a fifty-two week low of $2.24 and a fifty-two week high of $2.99.

LondonMetric Property Company Profile

LondonMetric Property PLC is a UK-based real estate investment trust (REIT) that specializes in the acquisition, management and development of distribution warehouses, retail parks and community retail assets. The company seeks properties with strong income characteristics and potential for asset enhancement through refurbishment, redevelopment or active leasing strategies. Its portfolio spans a range of sectors, including logistics facilities serving major e-commerce and retail clients, as well as supermarket-anchored retail parks and neighborhood retail schemes.

Established in 2007 through the merger of two specialist property companies, LondonMetric has grown its portfolio primarily across the United Kingdom and Ireland.