British Land Company PLC Sponsored ADR (OTCMKTS:BTLCY) Short Interest Down 37.2% in August

British Land Company PLC Sponsored ADR (OTCMKTS:BTLCY) was the target of a large decline in short interest in August. As of August 14th, there was short interest totaling 3,479 shares, a decline of 37.2% from the July 30th total of 5,543 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average trading volume of 7,642 shares, the days-to-cover ratio is currently 0.5 days.

British Land Price Performance

Shares of British Land stock opened at $5.74 on Tuesday. British Land has a 1 year low of $4.26 and a 1 year high of $6.00. The company has a 50-day moving average of $5.72 and a 200 day moving average of $5.37. The company has a current ratio of 0.32, a quick ratio of 0.32 and a debt-to-equity ratio of 0.42.

Analysts Set New Price Targets

Separately, Barclays restated an “overweight” rating on shares of British Land in a research report on Monday, August 24th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, British Land presently has an average rating of “Moderate Buy”.

About British Land

British Land Company plc is a leading real estate investment trust primarily focused on the ownership, development and management of UK commercial property. The company’s portfolio is centred on high-quality office and retail destinations in key urban locations, combining long-term holdings with active redevelopment projects. Its core business activities include leasing space to corporate and retail tenants, asset management, and undertaking new developments aimed at enhancing urban environments and driving sustainable value.

Founded in 1856 as the Land Mortgage and Agency Company, British Land adopted its current name in the 1970s as it expanded beyond mortgage lending into direct property investment.