Short Interest in British Land Company Plc (OTCMKTS:BTLCY) Decreases By 90.7%

British Land Company Plc (OTCMKTS:BTLCYGet Rating) was the target of a large decrease in short interest in March. As of March 31st, there was short interest totalling 400 shares, a decrease of 90.7% from the March 15th total of 4,300 shares. Based on an average trading volume of 126,700 shares, the days-to-cover ratio is currently 0.0 days.

BTLCY traded up $0.03 on Tuesday, reaching $6.89. The stock had a trading volume of 62,259 shares, compared to its average volume of 70,245. The business’s 50-day moving average price is $7.01 and its two-hundred day moving average price is $7.04. British Land has a 12-month low of $6.00 and a 12-month high of $7.74.

BTLCY has been the subject of several analyst reports. Jefferies Financial Group upgraded British Land from an “underperform” rating to a “hold” rating in a research note on Friday, March 25th. Zacks Investment Research lowered shares of British Land from a “buy” rating to a “hold” rating in a research report on Wednesday, January 19th. Morgan Stanley raised shares of British Land from an “equal weight” rating to an “overweight” rating in a report on Monday, March 28th. UBS Group lifted their price objective on shares of British Land from GBX 580 ($7.56) to GBX 640 ($8.34) in a research note on Friday, January 28th. Finally, Peel Hunt upgraded shares of British Land to a “buy” rating in a research report on Thursday, January 20th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat, British Land currently has a consensus rating of “Hold” and a consensus price target of $323.88.

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.

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