British Land Company PLC (OTCMKTS:BTLCY) Short Interest Up 147.1% in December

British Land Company PLC (OTCMKTS:BTLCY) saw a large growth in short interest in the month of December. As of December 31st, there was short interest totalling 8,400 shares, a growth of 147.1% from the December 15th total of 3,400 shares. Based on an average trading volume of 102,500 shares, the days-to-cover ratio is currently 0.1 days.

British Land Stock Down 0.2 %

Shares of OTCMKTS BTLCY opened at $4.18 on Tuesday. The company’s fifty day moving average is $4.68 and its two-hundred day moving average is $5.21. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.59 and a current ratio of 0.59. British Land has a one year low of $4.13 and a one year high of $6.31.

British Land Increases Dividend

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

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. The Goldman Sachs Group upgraded shares of British Land from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 9th. Deutsche Bank Aktiengesellschaft upgraded shares of British Land from a “hold” rating to a “buy” rating in a research note on Wednesday, October 2nd. Three research analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy”.

About British Land

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.