British Land Company PLC Sponsored ADR (OTCMKTS:BTLCY) Sees Significant Growth in Short Interest

British Land Company PLC Sponsored ADR (OTCMKTS:BTLCY) was the recipient of a significant growth in short interest during the month of October. As of October 15th, there was short interest totaling 95,412 shares, a growth of 510.8% from the September 30th total of 15,622 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 43,295 shares, the days-to-cover ratio is presently 2.2 days.

British Land Price Performance

Shares of British Land stock opened at $5.64 on Tuesday. The company has a quick ratio of 0.32, a current ratio of 0.32 and a debt-to-equity ratio of 0.42. British Land has a 12 month low of $4.50 and a 12 month high of $6.00. The business has a fifty day simple moving average of $5.51 and a 200 day simple moving average of $5.40.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Kepler Capital Markets downgraded British Land from a “hold” rating to a “strong sell” rating in a report on Tuesday, September 22nd. Morgan Stanley reaffirmed an “overweight” rating on shares of British Land in a report on Tuesday, September 1st. Barclays reaffirmed an “overweight” rating on shares of British Land in a report on Monday, August 24th. Finally, Jefferies Financial Group reiterated an “underperform” rating on shares of British Land in a research report on Wednesday, October 14th. One equities research 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.com, British Land 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. The company owns, develops and manages commercial property, with a portfolio focused primarily on offices, retail parks, shopping centers and logistics-related assets.

Its activities include property development, asset management, leasing and investment management. British Land works with occupiers, retailers and other partners to create and operate mixed-use destinations, workplace campuses and retail-led properties.