British Land Company PLC Sponsored ADR (OTCMKTS:BTLCY) Short Interest Update

British Land Company PLC Sponsored ADR (OTCMKTS:BTLCY) saw a large increase in short interest in the month of June. As of June 15th, there was short interest totaling 18,157 shares, an increase of 251.9% from the May 31st total of 5,160 shares. Based on an average daily volume of 15,927 shares, the days-to-cover ratio is currently 1.1 days. Currently, 0.0% of the shares of the stock are sold short.

British Land Price Performance

BTLCY opened at $5.51 on Monday. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.32 and a quick ratio of 0.32. The business has a fifty day simple moving average of $5.29 and a 200-day simple moving average of $5.27. British Land has a fifty-two week low of $4.26 and a fifty-two week high of $5.79.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Jefferies Financial Group lowered British Land from a “moderate sell” rating to a “strong sell” rating in a report on Thursday, April 30th. Barclays raised shares of British Land from an “equal weight” rating to an “overweight” rating in a report on Tuesday, May 26th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

British Land Company Profile

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.