Land Securities Group PLC (OTCMKTS:LSGOF) Stock Short Interest Falls 89.5%

Land Securities Group PLC (OTCMKTS:LSGOF) was the recipient of a large drop in short interest in the month of October. As of October 15th, there was short interest totaling 365,553 shares, a drop of 89.5% from the September 30th total of 3,492,141 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,837 shares, the short-interest ratio is currently 199.0 days.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group raised shares of Land Securities Group from a “moderate sell” rating to a “hold” rating in a research note on Wednesday, October 14th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Buy”.

Land Securities Group Price Performance

LSGOF stock opened at $8.68 on Tuesday. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.57. Land Securities Group has a one year low of $7.04 and a one year high of $9.72. The firm has a 50-day moving average of $8.90 and a two-hundred day moving average of $8.66.

About Land Securities Group

Land Securities Group plc, commonly known as Landsec, is a United Kingdom-based real estate company that develops, owns and manages commercial property. Its portfolio includes offices, retail destinations, leisure facilities and mixed-use developments, with a particular focus on prominent locations in London and other major UK cities.

The company’s activities span property investment, development, asset management and the operation of retail and leisure destinations. Landsec also develops urban neighborhoods that combine residential, commercial, retail and public spaces, with projects designed to support businesses, residents and visitors.

Established in 1944, Landsec has evolved into one of the UK’s major property companies.