Short Interest in LondonMetric Property Plc (OTCMKTS:LNSPF) Expands By 532.1%

LondonMetric Property Plc (OTCMKTS:LNSPF) was the recipient of a significant increase in short interest during the month of January. As of January 30th, there was short interest totaling 687,536 shares, an increase of 532.1% from the January 15th total of 108,763 shares. Based on an average daily trading volume, of 913 shares, the days-to-cover ratio is currently 753.1 days. Based on an average daily trading volume, of 913 shares, the days-to-cover ratio is currently 753.1 days.

LondonMetric Property Stock Up 1.1%

LNSPF traded up $0.03 during trading on Thursday, hitting $2.66. The company’s stock had a trading volume of 390 shares, compared to its average volume of 5,935. The business’s 50 day simple moving average is $2.58 and its 200-day simple moving average is $2.55. LondonMetric Property has a one year low of $2.14 and a one year high of $2.80.

LondonMetric Property Company Profile

LondonMetric Property PLC is a UK-based real estate investment trust (REIT) that specializes in the acquisition, management and development of distribution warehouses, retail parks and community retail assets. The company seeks properties with strong income characteristics and potential for asset enhancement through refurbishment, redevelopment or active leasing strategies. Its portfolio spans a range of sectors, including logistics facilities serving major e-commerce and retail clients, as well as supermarket-anchored retail parks and neighborhood retail schemes.

Established in 2007 through the merger of two specialist property companies, LondonMetric has grown its portfolio primarily across the United Kingdom and Ireland.