LondonMetric Property Plc (OTCMKTS:LNSPF) Sees Significant Decrease in Short Interest

LondonMetric Property Plc (OTCMKTS:LNSPFGet Free Report) saw a significant drop in short interest during the month of February. As of February 13th, there was short interest totaling 396,809 shares, a drop of 42.3% from the January 29th total of 687,536 shares. Based on an average daily trading volume, of 1,783 shares, the days-to-cover ratio is presently 222.6 days. Based on an average daily trading volume, of 1,783 shares, the days-to-cover ratio is presently 222.6 days.

LondonMetric Property Stock Performance

LNSPF opened at $2.87 on Monday. LondonMetric Property has a 52-week low of $2.14 and a 52-week high of $2.99. The firm’s 50-day moving average price is $2.68 and its 200-day moving average price is $2.57.

LondonMetric Property Company Profile

(Get Free Report)

LondonMetric Property PLC is a UK-based real estate investment trust (REIT) that specializes in the acquisition, management and development of distribution warehouses, retail parks and community retail assets. The company seeks properties with strong income characteristics and potential for asset enhancement through refurbishment, redevelopment or active leasing strategies. Its portfolio spans a range of sectors, including logistics facilities serving major e-commerce and retail clients, as well as supermarket-anchored retail parks and neighborhood retail schemes.

Established in 2007 through the merger of two specialist property companies, LondonMetric has grown its portfolio primarily across the United Kingdom and Ireland.

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