Land Securities Group Plc (OTCMKTS:LDSCY) Stock Short Interest Rises 1,211.6%

Land Securities Group Plc (OTCMKTS:LDSCY) was the target of a large increase in short interest during the month of October. As of October 30th, there was short interest totaling 77,202 shares, an increase of 1,211.6% from the October 15th total of 5,886 shares. Based on an average daily volume of 176,517 shares, the days-to-cover ratio is presently 0.4 days.

Land Securities Group Price Performance

Land Securities Group stock traded up $0.09 on Thursday, reaching $9.21. The company’s stock had a trading volume of 21,790 shares, compared to its average volume of 106,136. The business’s fifty day moving average price is $8.59 and its 200 day moving average price is $8.64. Land Securities Group has a twelve month low of $6.88 and a twelve month high of $9.98.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Barclays reissued an “overweight” rating on shares of Land Securities Group in a report on Monday, August 24th. Jefferies Financial Group raised shares of Land Securities Group to a “hold” rating in a research note on Wednesday, October 14th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold”.

Land Securities Group Company Profile

Land Securities Group plc, known as Landsec, is a United Kingdom-based real estate company that develops, owns, manages and redevelops commercial and mixed-use property. Its portfolio has historically included offices, retail destinations, leisure facilities and urban neighborhoods. The company focuses primarily on property in London and other major UK cities. Its activities include creating new developments, operating retail and entertainment destinations, managing office buildings and delivering mixed-use projects that combine commercial, residential and public spaces.