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

British Land Company PLC Sponsored ADR (OTCMKTS:BTLCY) saw a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 8,214 shares, an increase of 136.1% from the August 15th total of 3,479 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average trading volume of 7,957 shares, the days-to-cover ratio is currently 1.0 days.

British Land Stock Performance

Shares of BTLCY opened at $5.34 on Monday. British Land has a 1 year low of $4.45 and a 1 year high of $6.00. The stock’s 50-day moving average price is $5.73 and its two-hundred day moving average price is $5.37. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.32 and a current ratio of 0.32.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Barclays reiterated an “overweight” rating on shares of British Land in a report on Monday, August 24th. Morgan Stanley restated an “overweight” rating on shares of British Land in a research report on Tuesday, September 1st. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy”.

British Land Company Profile

British Land Company plc is a United Kingdom-based real estate investment and development company. It owns, manages and develops commercial property, with activities spanning offices, retail destinations, logistics facilities and mixed-use developments.

The company’s portfolio is primarily focused on London, including major office and mixed-use locations such as Broadgate and Paddington Central, as well as retail parks, shopping centres and urban logistics properties in London and across regional UK markets.