Land Securities Group Plc (OTCMKTS:LDSCY) Stock Short Interest Declines 85.5%

Land Securities Group Plc (OTCMKTS:LDSCY) was the target of a significant decline in short interest during the month of September. As of September 15th, there was short interest totaling 9,232 shares, a decline of 85.5% from the August 31st total of 63,508 shares. Based on an average daily volume of 194,910 shares, the short-interest ratio is currently 0.0 days.

Land Securities Group Stock Down 1.2%

Shares of OTCMKTS:LDSCY opened at $8.15 on Friday. The company has a 50-day moving average price of $9.23 and a 200-day moving average price of $8.58. Land Securities Group has a 12 month low of $6.88 and a 12 month high of $9.98.

Analysts Set New Price Targets

Separately, Barclays reissued an “overweight” rating on shares of Land Securities Group in a research note on Monday, August 24th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

Land Securities Group Company Profile

Land Securities Group plc, commonly known as Landsec, is a United Kingdom-based property development and investment company. The group owns, develops and manages commercial and mixed-use real estate, with activities spanning offices, retail destinations, leisure venues and urban neighborhoods.

Landsec’s portfolio is concentrated primarily in London and other major locations across the United Kingdom. Its projects typically combine workplaces, shops, restaurants, cultural and leisure facilities, public spaces, and residential or hospitality uses, reflecting the company’s focus on creating large-scale, mixed-use destinations.

Founded in 1944, Landsec has developed into one of the UK’s prominent commercial property groups.