British Land Company PLC (OTCMKTS:BTLCY) Sees Large Drop in Short Interest

British Land Company PLC (OTCMKTS:BTLCY) saw a large decline in short interest during the month of November. As of November 15th, there was short interest totalling 14,300 shares, a decline of 34.1% from the October 31st total of 21,700 shares. Based on an average daily trading volume, of 49,800 shares, the days-to-cover ratio is currently 0.3 days.

British Land Trading Up 0.8 %

British Land stock traded up $0.04 during trading hours on Friday, reaching $4.96. The stock had a trading volume of 13,536 shares, compared to its average volume of 24,815. British Land has a 52 week low of $4.29 and a 52 week high of $6.31. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.59 and a quick ratio of 0.59. The company has a fifty day simple moving average of $5.43 and a 200-day simple moving average of $5.37.

British Land Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Monday, January 27th. Investors of record on Friday, December 6th will be given a $0.109 dividend. The ex-dividend date of this dividend is Friday, December 6th. This is a boost from British Land’s previous dividend of $0.10.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft upgraded shares of British Land from a “hold” rating to a “buy” rating in a research report on Wednesday, October 2nd.

British Land Company Profile

Our portfolio of high quality UK commercial property is focused on London Campuses and Retail & London Urban Logistics assets throughout the UK. We own or manage a portfolio valued at £13.0bn (British Land share: £8.9bn) as at 31 March 2023 making us one of Europe's largest listed real estate investment companies.