British Land Company PLC Sponsored ADR (OTCMKTS:BTLCY) Shares Shorted: Short Interest Up 365.2% in September

British Land Company PLC Sponsored ADR (OTCMKTS:BTLCY) saw a significant increase in short interest in the month of September. As of September 30th, there was short interest totaling 15,622 shares, an increase of 365.2% from the September 15th total of 3,358 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 298,288 shares, the days-to-cover ratio is currently 0.1 days.

British Land Price Performance

Shares of BTLCY opened at $5.26 on Tuesday. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.32 and a quick ratio of 0.32. The company’s fifty day moving average is $5.56 and its two-hundred day moving average is $5.41. British Land has a 1 year low of $4.50 and a 1 year high of $6.00.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on BTLCY shares. Kepler Capital Markets lowered British Land from a “hold” rating to a “strong sell” rating in a report on Tuesday, September 22nd. Barclays reaffirmed an “overweight” rating on shares of British Land in a research note on Monday, August 24th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of British Land in a research report on Tuesday, September 1st. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have given a Sell rating to the company. According to MarketBeat.com, British Land presently has a consensus rating of “Moderate Buy”.

British Land Company Profile

British Land Company plc is a United Kingdom-based real estate investment and development company. Founded in 1856, the company owns, develops and manages a portfolio of commercial property, with activities focused primarily on London and other major UK locations.

Its portfolio includes London offices and mixed-use campuses, retail and leisure destinations, and urban logistics properties. British Land provides property investment, development, asset management and leasing services, working with occupiers across office, retail, logistics and related commercial sectors.

The company’s London activities include large-scale office and mixed-use developments, while its retail business encompasses shopping centres and retail parks serving local and regional communities.