Land Securities Group Plc (OTCMKTS:LDSCY) Stock Short Interest Declines 85.5%

Land Securities Group Plc (OTCMKTS:LDSCY) saw a large decline in short interest in September. As of September 15th, there was short interest totaling 9,232 shares, a decline of 85.5% from the August 31st total of 63,508 shares. Based on an average daily trading volume, of 194,910 shares, the short-interest ratio is presently 0.0 days.

Analyst Upgrades and Downgrades

Separately, Barclays reaffirmed an “overweight” rating on shares of Land Securities Group in a research note on Monday, August 24th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, Land Securities Group has a consensus rating of “Moderate Buy”.

Land Securities Group Stock Up 0.4%

LDSCY stock traded up $0.03 on Friday, hitting $8.18. 110,419 shares of the company’s stock traded hands, compared to its average volume of 103,469. Land Securities Group has a 1-year low of $6.88 and a 1-year high of $9.98. The stock has a fifty day moving average of $9.20 and a 200-day moving average of $8.58.

Land Securities Group Company Profile

Land Securities Group plc, commonly known as Landsec, is a United Kingdom-based property development and investment company. The group owns, develops and manages commercial and mixed-use real estate, with activities spanning offices, retail destinations, leisure venues and urban neighborhoods.

Landsec’s portfolio is concentrated primarily in London and other major locations across the United Kingdom. Its projects typically combine workplaces, shops, restaurants, cultural and leisure facilities, public spaces, and residential or hospitality uses, reflecting the company’s focus on creating large-scale, mixed-use destinations.

Founded in 1944, Landsec has developed into one of the UK’s prominent commercial property groups.