Land Securities Group PLC (OTCMKTS:LSGOF) Sees Large Decline in Short Interest

Land Securities Group PLC (OTCMKTS:LSGOF) was the target of a large decrease in short interest in June. As of June 30th, there was short interest totaling 416,515 shares, a decrease of 38.3% from the June 15th total of 675,261 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 151 shares, the days-to-cover ratio is presently 2,758.4 days.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Jefferies Financial Group lowered Land Securities Group from a “moderate sell” rating to a “strong sell” rating in a research note on Thursday, April 30th. The Goldman Sachs Group raised Land Securities Group from a “hold” rating to a “strong-buy” rating in a research note on Sunday, March 29th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

Land Securities Group Price Performance

Shares of LSGOF stock opened at $8.90 on Friday. Land Securities Group has a fifty-two week low of $7.04 and a fifty-two week high of $9.35. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.57. The stock has a 50 day simple moving average of $8.48 and a two-hundred day simple moving average of $8.46.

About Land Securities Group

Land Securities Group (OTCMKTS:LSGOF), commonly known as Landsec, is one of the United Kingdom’s largest commercial property development and investment companies. The firm specializes in the acquisition, development, and management of a diversified real estate portfolio, which spans office spaces, retail centres, leisure venues and residential projects. Landsec’s integrated approach combines property investment with active asset and estate management, aiming to enhance value through strategic redevelopment and sustainable building practices.

Landsec’s portfolio is concentrated primarily in key urban markets across the UK, with a particular focus on central London, major regional towns and cities.