LondonMetric Property Plc (OTCMKTS:LNSPF) Short Interest Down 54.3% in July

LondonMetric Property Plc (OTCMKTS:LNSPF) saw a significant drop in short interest in the month of July. As of July 31st, there was short interest totaling 6,540 shares, a drop of 54.3% from the July 15th total of 14,324 shares. Based on an average daily volume of 1,061 shares, the days-to-cover ratio is presently 6.2 days.

LondonMetric Property Price Performance

Shares of LNSPF remained flat at $2.60 during midday trading on Friday. The company’s stock had a trading volume of 45 shares, compared to its average volume of 3,285. LondonMetric Property has a 12 month low of $2.24 and a 12 month high of $2.99. The company’s fifty day moving average is $2.46 and its 200-day moving average is $2.60.

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.