Land Securities Group PLC (OTCMKTS:LSGOF – Get Free Report) saw a large growth in short interest in June. As of June 15th, there was short interest totaling 675,261 shares, a growth of 73.9% from the May 31st total of 388,342 shares. Based on an average daily trading volume, of 346 shares, the days-to-cover ratio is currently 1,951.6 days. Currently, 0.1% of the shares of the stock are short sold.
Land Securities Group Price Performance
OTCMKTS:LSGOF remained flat at $8.79 during mid-day trading on Thursday. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.67 and a quick ratio of 0.67. The company has a 50 day simple moving average of $8.33 and a 200-day simple moving average of $8.40. Land Securities Group has a 1 year low of $7.04 and a 1 year high of $9.35.
Analyst Ratings Changes
Several research firms have recently issued reports on LSGOF. The Goldman Sachs Group upgraded shares of Land Securities Group from a “hold” rating to a “strong-buy” rating in a report on Sunday, March 29th. Jefferies Financial Group downgraded Land Securities Group from a “moderate sell” rating to a “strong sell” rating in a research report on Thursday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.
About Land Securities Group
Land Securities Group (OTCMKTS:LSGOF), commonly known as Landsec, is one of the United Kingdom’s largest commercial property development and investment companies. The firm specializes in the acquisition, development, and management of a diversified real estate portfolio, which spans office spaces, retail centres, leisure venues and residential projects. Landsec’s integrated approach combines property investment with active asset and estate management, aiming to enhance value through strategic redevelopment and sustainable building practices.
Landsec’s portfolio is concentrated primarily in key urban markets across the UK, with a particular focus on central London, major regional towns and cities.
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