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

Land Securities Group PLC (OTCMKTS:LSGOF) was the recipient of a large decline in short interest in May. As of May 15th, there was short interest totaling 413,661 shares, a decline of 40.3% from the April 30th total of 693,040 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average trading volume of 3,675 shares, the short-interest ratio is presently 112.6 days.

Land Securities Group Stock Performance

OTCMKTS LSGOF opened at $8.49 on Thursday. The company has a 50 day moving average price of $7.92 and a 200 day moving average price of $8.29. Land Securities Group has a 52 week low of $7.05 and a 52 week high of $9.35.

Wall Street Analyst Weigh In

Several research analysts have recently commented on LSGOF shares. The Goldman Sachs Group raised Land Securities Group from a “hold” rating to a “strong-buy” rating in a research report on Sunday, March 29th. Jefferies Financial Group lowered Land Securities Group from a “moderate sell” rating to a “strong sell” rating in a research report on Thursday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

Land Securities Group Company Profile

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.