Short Interest in British Land Company PLC Sponsored ADR (OTCMKTS:BTLCY) Grows By 69.3%

British Land Company PLC Sponsored ADR (OTCMKTS:BTLCY) was the recipient of a significant increase in short interest in the month of January. As of January 30th, there was short interest totaling 10,877 shares, an increase of 69.3% from the January 15th total of 6,426 shares. Based on an average daily trading volume, of 16,646 shares, the short-interest ratio is currently 0.7 days. Approximately 0.0% of the shares of the stock are short sold. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 16,646 shares, the short-interest ratio is currently 0.7 days.

Analysts Set New Price Targets

BTLCY has been the topic of a number of analyst reports. Panmure Gordon raised shares of British Land to a “buy” rating in a report on Tuesday, December 2nd. UBS Group upgraded shares of British Land from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 7th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of British Land in a research report on Friday, December 5th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, British Land currently has a consensus rating of “Buy”.

British Land Stock Performance

British Land stock opened at $5.49 on Monday. British Land has a fifty-two week low of $4.15 and a fifty-two week high of $5.79. The firm’s fifty day moving average price is $5.43 and its 200-day moving average price is $5.03.

About British Land

British Land Company plc is a leading real estate investment trust primarily focused on the ownership, development and management of UK commercial property. The company’s portfolio is centred on high-quality office and retail destinations in key urban locations, combining long-term holdings with active redevelopment projects. Its core business activities include leasing space to corporate and retail tenants, asset management, and undertaking new developments aimed at enhancing urban environments and driving sustainable value.

Founded in 1856 as the Land Mortgage and Agency Company, British Land adopted its current name in the 1970s as it expanded beyond mortgage lending into direct property investment.