LondonMetric Property Plc (OTCMKTS:LNSPF) Stock Short Interest Rises 65.4%

LondonMetric Property Plc (OTCMKTS:LNSPF) was the recipient of a large growth in short interest in September. As of September 15th, there was short interest totaling 22,683 shares, a growth of 65.4% from the August 31st total of 13,715 shares. Based on an average trading volume of 737 shares, the days-to-cover ratio is presently 30.8 days.

LondonMetric Property Price Performance

LNSPF remained flat at $2.38 on Wednesday. 33 shares of the company were exchanged, compared to its average volume of 3,239. LondonMetric Property has a 52-week low of $2.24 and a 52-week high of $2.99. The stock’s 50-day simple moving average is $2.51 and its 200-day simple moving average is $2.53.

LondonMetric Property Company Profile

LondonMetric Property plc is a United Kingdom-focused real estate investment company that owns, manages and develops commercial property. The company is organized as a real estate investment trust and focuses on property that can generate recurring rental income over the long term.

Its portfolio is primarily concentrated in logistics and distribution facilities, including warehouses and last-mile delivery properties. LondonMetric also invests in convenience-led retail, retail parks, supermarkets and other commercial assets supported by everyday consumer demand.