Short Interest in British Land Company Plc (OTCMKTS:BTLCY) Rises By 58.7%

British Land Company Plc (OTCMKTS:BTLCYGet Rating) was the recipient of a large growth in short interest in the month of April. As of April 30th, there was short interest totalling 58,400 shares, a growth of 58.7% from the April 15th total of 36,800 shares. Based on an average trading volume of 157,900 shares, the short-interest ratio is presently 0.4 days.

A number of brokerages recently commented on BTLCY. Jefferies Financial Group upgraded shares of British Land from an “underperform” rating to a “hold” rating in a research note on Friday, March 25th. Morgan Stanley upgraded British Land from an “equal weight” rating to an “overweight” rating in a report on Monday, March 28th. JPMorgan Chase & Co. upped their price target on British Land from GBX 650 ($8.01) to GBX 710 ($8.75) in a research report on Friday, April 29th. Peel Hunt raised British Land to a “buy” rating in a research report on Thursday, January 20th. Finally, Zacks Investment Research lowered British Land from a “hold” rating to a “sell” rating in a research report on Friday, May 6th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $452.58.

Shares of OTCMKTS BTLCY traded up $0.21 during midday trading on Friday, hitting $6.15. 63,680 shares of the company’s stock traded hands, compared to its average volume of 83,997. British Land has a 1 year low of $5.87 and a 1 year high of $7.74. The firm has a fifty day moving average of $6.61 and a 200 day moving average of $6.98.

British Land Company Profile (Get Rating)

Our portfolio of high quality UK commercial property is focused on London Offices and Retail around the UK. We own or manage a portfolio valued at £13.7bn (British Land share: £10.3bn) as at 30 September 2020 making us one of Europe's largest listed real estate investment companies. Our strategy is to provide places which meet the needs of our customers and respond to changing lifestyles – Places People Prefer.

Further Reading

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