British Land Company PLC Sponsored ADR (OTCMKTS:BTLCY) Stock Short Interest Jumps 365.2%

British Land Company PLC Sponsored ADR (OTCMKTS:BTLCY) was the recipient of a large increase in short interest in the month of September. As of September 30th, there was short interest totaling 15,622 shares, an increase of 365.2% from the September 15th total of 3,358 shares. Based on an average trading volume of 298,288 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the company’s shares are sold short.

British Land Price Performance

OTCMKTS:BTLCY opened at $5.29 on Monday. The firm’s fifty day moving average is $5.57 and its 200-day moving average is $5.40. The company has a quick ratio of 0.32, a current ratio of 0.32 and a debt-to-equity ratio of 0.42. British Land has a 52 week low of $4.50 and a 52 week high of $6.00.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on BTLCY. Kepler Capital Markets downgraded shares of British Land from a “hold” rating to a “strong sell” rating in a research note on Tuesday, September 22nd. Morgan Stanley reiterated an “overweight” rating on shares of British Land in a report on Tuesday, September 1st. Finally, Barclays reissued an “overweight” rating on shares of British Land in a research note on Monday, August 24th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

British Land Company Profile

British Land Company plc is a United Kingdom-based real estate investment and development company. Founded in 1856, the company owns, develops and manages a portfolio of commercial property, with activities focused primarily on London and other major UK locations.

Its portfolio includes London offices and mixed-use campuses, retail and leisure destinations, and urban logistics properties. British Land provides property investment, development, asset management and leasing services, working with occupiers across office, retail, logistics and related commercial sectors.

The company’s London activities include large-scale office and mixed-use developments, while its retail business encompasses shopping centres and retail parks serving local and regional communities.