Land Securities Group Plc (OTCMKTS:LDSCY – Get Free Report) was the recipient of a large decline in short interest in the month of August. As of August 14th, there was short interest totaling 41,916 shares, a decline of 51.2% from the July 30th total of 85,839 shares. Based on an average daily trading volume, of 60,580 shares, the days-to-cover ratio is presently 0.7 days.
Land Securities Group Stock Down 1.4%
Shares of OTCMKTS LDSCY traded down $0.14 during midday trading on Monday, reaching $9.29. The stock had a trading volume of 41,402 shares, compared to its average volume of 102,038. Land Securities Group has a twelve month low of $6.88 and a twelve month high of $9.98. The company’s 50 day moving average price is $9.28 and its 200 day moving average price is $8.61.
Analyst Upgrades and Downgrades
Separately, Barclays reiterated an “overweight” rating on shares of Land Securities Group in a research report on Monday, August 24th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, Land Securities Group presently has an average rating of “Moderate Buy”.
Land Securities Group Company Profile
Land Securities Group plc, commonly known as Landsec, is a leading UK-based real estate investment trust focused on commercial property development, investment and management. The company’s portfolio spans retail destinations, office buildings, leisure complexes and mixed-use urban schemes. Landsec leverages its in-house expertise in asset management, leasing and property operations to optimize occupancy and enhance the customer experience across its holdings.
Landsec’s core activities include the development of purpose-built office spaces designed to meet evolving tenant requirements, the repositioning of underperforming retail assets and the creation of destination leisure and entertainment districts.
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