Land Securities Group Plc (OTCMKTS:LDSCY) Sees Significant Drop in Short Interest

Land Securities Group Plc (OTCMKTS:LDSCY) was the target of a significant drop in short interest in February. As of February 27th, there was short interest totaling 34,878 shares, a drop of 75.6% from the February 12th total of 143,203 shares. Based on an average trading volume of 122,896 shares, the days-to-cover ratio is presently 0.3 days. Based on an average trading volume of 122,896 shares, the days-to-cover ratio is presently 0.3 days.

Land Securities Group Trading Down 0.9%

LDSCY traded down $0.07 during trading hours on Wednesday, reaching $7.93. The company’s stock had a trading volume of 7,217 shares, compared to its average volume of 65,903. Land Securities Group has a fifty-two week low of $6.34 and a fifty-two week high of $9.49. The business’s 50-day moving average is $8.82 and its 200-day moving average is $8.33.

Wall Street Analyst Weigh In

Separately, Panmure Gordon cut Land Securities Group to a “hold” rating in a research report on Thursday, January 15th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Hold”.

About Land Securities Group

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.