British Land Company PLC Sponsored ADR (OTCMKTS:BTLCY) Shares Shorted: Short Interest Down 59.1% in September

British Land Company PLC Sponsored ADR (OTCMKTS:BTLCY) was the target of a significant decline in short interest during the month of September. As of September 15th, there was short interest totaling 3,358 shares, a decline of 59.1% from the August 31st total of 8,214 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 45,647 shares, the short-interest ratio is presently 0.1 days.

British Land Stock Performance

Shares of OTCMKTS BTLCY traded down $0.01 during trading on Monday, reaching $5.36. The stock had a trading volume of 4,763 shares, compared to its average volume of 19,621. British Land has a one year low of $4.50 and a one year high of $6.00. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.32 and a quick ratio of 0.32. The firm’s 50 day moving average price is $5.67 and its two-hundred day moving average price is $5.37.

Wall Street Analyst Weigh In

A number of research firms have commented on BTLCY. Morgan Stanley reiterated an “overweight” rating on shares of British Land in a research note on Tuesday, September 1st. Kepler Capital Markets downgraded shares of British Land from a “hold” rating to a “strong sell” rating in a research report on Tuesday, September 22nd. Finally, Barclays restated an “overweight” rating on shares of British Land in a research note on Monday, August 24th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

About British Land

British Land Company plc is a United Kingdom-based real estate investment and development company. It owns, manages and develops commercial property, with activities spanning offices, retail destinations, logistics facilities and mixed-use developments.

The company’s portfolio is primarily focused on London, including major office and mixed-use locations such as Broadgate and Paddington Central, as well as retail parks, shopping centres and urban logistics properties in London and across regional UK markets.