British Land Company PLC Sponsored ADR (OTCMKTS:BTLCY) Sees Significant Growth in Short Interest

British Land Company PLC Sponsored ADR (OTCMKTS:BTLCY) was the target of a large growth in short interest during the month of October. As of October 15th, there was short interest totaling 95,412 shares, a growth of 510.8% from the September 30th total of 15,622 shares. Based on an average trading volume of 43,295 shares, the days-to-cover ratio is presently 2.2 days. Approximately 0.0% of the company’s shares are sold short.

British Land Trading Down 0.2%

Shares of British Land stock opened at $5.64 on Tuesday. The business’s 50 day simple moving average is $5.51 and its 200 day simple moving average is $5.40. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.32 and a quick ratio of 0.32. British Land has a 52-week low of $4.50 and a 52-week high of $6.00.

Analyst Ratings Changes

A number of research analysts recently issued reports on BTLCY shares. Jefferies Financial Group restated an “underperform” rating on shares of British Land in a report on Wednesday, October 14th. Barclays reaffirmed an “overweight” rating on shares of British Land in a research note on Monday, August 24th. Morgan Stanley reiterated an “overweight” rating on shares of British Land in a report on Tuesday, September 1st. Finally, Kepler Capital Markets cut shares of British Land from a “hold” rating to a “strong sell” rating in a research report on Tuesday, September 22nd. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, British Land has an average rating of “Moderate Buy”.

About British Land

British Land Company plc is a United Kingdom-based real estate investment and development company. The company owns, develops and manages commercial property, with a portfolio focused primarily on offices, retail parks, shopping centers and logistics-related assets.

Its activities include property development, asset management, leasing and investment management. British Land works with occupiers, retailers and other partners to create and operate mixed-use destinations, workplace campuses and retail-led properties.