Short Interest in British Land Company PLC (OTCMKTS:BTLCY) Drops By 34.1%

British Land Company PLC (OTCMKTS:BTLCY) was the target of a large decrease in short interest in November. As of November 15th, there was short interest totalling 14,300 shares, a decrease of 34.1% from the October 31st total of 21,700 shares. Based on an average trading volume of 49,800 shares, the days-to-cover ratio is presently 0.3 days.

British Land Stock Up 3.4 %

Shares of British Land stock opened at $4.92 on Friday. The firm’s fifty day simple moving average is $5.46 and its 200-day simple moving average is $5.38. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.41. British Land has a 12 month low of $4.29 and a 12 month high of $6.31.

British Land Increases Dividend

The firm also recently announced a dividend, which will be paid on Monday, January 27th. Stockholders of record on Friday, December 6th will be issued a $0.109 dividend. This is a boost from British Land’s previous dividend of $0.10. The ex-dividend date of this dividend is Friday, December 6th.

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft upgraded shares of British Land from a “hold” rating to a “buy” rating in a research note on Wednesday, October 2nd.

British Land Company Profile

Our portfolio of high quality UK commercial property is focused on London Campuses and Retail & London Urban Logistics assets throughout the UK. We own or manage a portfolio valued at £13.0bn (British Land share: £8.9bn) as at 31 March 2023 making us one of Europe's largest listed real estate investment companies.