Short Interest in British Land Company PLC (OTCMKTS:BTLCY) Rises By 158.5%

British Land Company PLC (OTCMKTS:BTLCY) was the target of a large increase in short interest in the month of February. As of February 15th, there was short interest totalling 21,200 shares, an increase of 158.5% from the January 31st total of 8,200 shares. Based on an average trading volume of 68,200 shares, the short-interest ratio is presently 0.3 days.

Wall Street Analysts Forecast Growth

Several research firms have commented on BTLCY. Hsbc Global Res upgraded shares of British Land from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 3rd. The Goldman Sachs Group raised British Land from a “hold” rating to a “strong-buy” rating in a report on Monday, December 9th. Two analysts have rated the stock with a hold rating, one has given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, British Land presently has an average rating of “Buy”.

British Land Price Performance

Shares of OTCMKTS BTLCY traded down $0.07 during midday trading on Friday, reaching $4.51. 13,783 shares of the company traded hands, compared to its average volume of 44,915. The stock has a 50-day moving average price of $4.50 and a 200 day moving average price of $5.07. British Land has a 52 week low of $4.13 and a 52 week high of $6.31.

About British Land

Our portfolio of high quality UK commercial property is focused on London Campuses and Retail & London Urban Logistics assets throughout the UK. We own or manage a portfolio valued at £13.0bn (British Land share: £8.9bn) as at 31 March 2023 making us one of Europe's largest listed real estate investment companies.