Short Interest in British Land Company PLC (OTCMKTS:BTLCY) Declines By 34.1%

British Land Company PLC (OTCMKTS:BTLCY) was the target of a large decline in short interest in the month of November. As of November 15th, there was short interest totalling 14,300 shares, a decline of 34.1% from the October 31st total of 21,700 shares. Based on an average daily volume of 49,800 shares, the short-interest ratio is currently 0.3 days.

British Land Stock Up 0.8 %

British Land stock opened at $4.96 on Friday. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.41. British Land has a 1-year low of $4.29 and a 1-year high of $6.31. The firm has a 50-day moving average of $5.43 and a 200-day moving average of $5.37.

British Land Increases Dividend

The business also recently declared a dividend, which will be paid on Monday, January 27th. Investors of record on Friday, December 6th will be issued a $0.109 dividend. The ex-dividend date of this dividend is Friday, December 6th. This is a boost from British Land’s previous dividend of $0.10.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft upgraded shares of British Land from a “hold” rating to a “buy” rating in a report on Wednesday, October 2nd.

British Land Company Profile

Our portfolio of high quality UK commercial property is focused on London Campuses and Retail & London Urban Logistics assets throughout the UK. We own or manage a portfolio valued at £13.0bn (British Land share: £8.9bn) as at 31 March 2023 making us one of Europe's largest listed real estate investment companies.