British Land Company Plc (OTCMKTS:BTLCY) Sees Significant Growth in Short Interest

British Land Company Plc (OTCMKTS:BTLCY) was the target of a large growth in short interest in the month of April. As of April 15th, there was short interest totalling 41,000 shares, a growth of 27.3% from the March 31st total of 32,200 shares. Based on an average daily volume of 29,700 shares, the days-to-cover ratio is presently 1.4 days.

Several analysts have recently issued reports on the company. Morgan Stanley cut British Land from an “equal weight” rating to an “underweight” rating in a report on Tuesday, January 5th. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of British Land in a report on Tuesday, April 20th. UBS Group reaffirmed a “buy” rating on shares of British Land in a report on Thursday, April 8th. Deutsche Bank Aktiengesellschaft raised British Land from a “hold” rating to a “buy” rating in a report on Friday, January 22nd. Finally, Royal Bank of Canada lowered British Land from a “sector perform” rating to an “underperform” rating in a report on Thursday, January 14th. Four research analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $8.00.

BTLCY stock traded down $0.03 during midday trading on Tuesday, reaching $7.21. The company’s stock had a trading volume of 10,682 shares, compared to its average volume of 65,867. The stock has a fifty day simple moving average of $7.09 and a two-hundred day simple moving average of $6.41. British Land has a 1 year low of $3.80 and a 1 year high of $7.46.

British Land Company Profile

Our portfolio of high quality UK commercial property is focused on London Offices and Retail around the UK. We own or manage a portfolio valued at £13.7bn (British Land share: £10.3bn) as at 30 September 2020 making us one of Europe's largest listed real estate investment companies. Our strategy is to provide places which meet the needs of our customers and respond to changing lifestyles – Places People Prefer.

Further Reading: Fiduciary

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