LondonMetric Property Plc (OTCMKTS:LNSPF – Get Free Report) was the recipient of a significant increase in short interest in June. As of June 15th, there was short interest totaling 51,274 shares, an increase of 6,637.7% from the May 31st total of 761 shares. Based on an average trading volume of 1,942 shares, the days-to-cover ratio is currently 26.4 days.
LondonMetric Property Price Performance
Shares of LNSPF remained flat at $2.45 during mid-day trading on Thursday. The stock’s 50-day simple moving average is $2.59 and its 200 day simple moving average is $2.61. LondonMetric Property has a 12 month low of $2.24 and a 12 month high of $2.99.
LondonMetric Property Company Profile
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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