Short Interest in Land Securities Group PLC (OTCMKTS:LSGOF) Declines By 38.3%

Land Securities Group PLC (OTCMKTS:LSGOF) saw a large decline in short interest in June. As of June 30th, there was short interest totaling 416,515 shares, a decline of 38.3% from the June 15th total of 675,261 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily volume of 151 shares, the short-interest ratio is presently 2,758.4 days.

Analysts Set New Price Targets

LSGOF has been the topic of a number of recent analyst reports. The Goldman Sachs Group upgraded shares of Land Securities Group from a “hold” rating to a “strong-buy” rating in a report on Sunday, March 29th. Jefferies Financial Group lowered shares of Land Securities Group from a “moderate sell” rating to a “strong sell” rating in a report on Thursday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Land Securities Group Stock Performance

Shares of Land Securities Group stock opened at $8.90 on Friday. The company’s 50 day moving average is $8.46 and its 200 day moving average is $8.46. Land Securities Group has a twelve month low of $7.04 and a twelve month high of $9.35. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.67 and a current ratio of 0.67.

Land Securities Group Company Profile

Land Securities Group (OTCMKTS:LSGOF), commonly known as Landsec, is one of the United Kingdom’s largest commercial property development and investment companies. The firm specializes in the acquisition, development, and management of a diversified real estate portfolio, which spans office spaces, retail centres, leisure venues and residential projects. Landsec’s integrated approach combines property investment with active asset and estate management, aiming to enhance value through strategic redevelopment and sustainable building practices.

Landsec’s portfolio is concentrated primarily in key urban markets across the UK, with a particular focus on central London, major regional towns and cities.