Land Securities Group Plc (OTCMKTS:LDSCY) Stock Short Interest Rises 1,211.6%

Land Securities Group Plc (OTCMKTS:LDSCY) saw a large growth in short interest in October. As of October 30th, there was short interest totaling 77,202 shares, a growth of 1,211.6% from the October 15th total of 5,886 shares. Based on an average daily trading volume, of 176,517 shares, the days-to-cover ratio is currently 0.4 days.

Analyst Ratings Changes

A number of brokerages have weighed in on LDSCY. Barclays reissued an “overweight” rating on shares of Land Securities Group in a research report on Monday, August 24th. Jefferies Financial Group raised shares of Land Securities Group to a “hold” rating in a report on Wednesday, October 14th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold”.

Land Securities Group Trading Down 1.6%

OTCMKTS:LDSCY traded down $0.15 on Wednesday, hitting $9.00. The stock had a trading volume of 52,432 shares, compared to its average volume of 106,304. The business’s 50-day simple moving average is $8.59 and its two-hundred day simple moving average is $8.64. Land Securities Group has a 52-week low of $6.88 and a 52-week high of $9.98.

Land Securities Group Company Profile

Land Securities Group plc, known as Landsec, is a United Kingdom-based real estate company that develops, owns, manages and redevelops commercial and mixed-use property. Its portfolio has historically included offices, retail destinations, leisure facilities and urban neighborhoods. The company focuses primarily on property in London and other major UK cities. Its activities include creating new developments, operating retail and entertainment destinations, managing office buildings and delivering mixed-use projects that combine commercial, residential and public spaces.