British Land Company PLC Sponsored ADR (OTCMKTS:BTLCY) Short Interest Update

British Land Company PLC Sponsored ADR (OTCMKTS:BTLCY) was the target of a large drop in short interest in the month of December. As of December 31st, there was short interest totaling 4,777 shares, a drop of 20.3% from the December 15th total of 5,996 shares. Based on an average daily volume of 15,770 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.0% of the shares of the stock are sold short. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 15,770 shares, the days-to-cover ratio is presently 0.3 days.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on BTLCY shares. UBS Group raised shares of British Land from a “hold” rating to a “strong-buy” rating in a report on Friday, November 7th. Morgan Stanley reiterated an “overweight” rating on shares of British Land in a research note on Friday, December 5th. Finally, Panmure Gordon upgraded shares of British Land to a “buy” rating in a research report on Tuesday, December 2nd. Two investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, British Land has an average rating of “Buy”.

British Land Trading Up 2.1%

Shares of OTCMKTS:BTLCY opened at $5.46 on Monday. British Land has a 52-week low of $4.15 and a 52-week high of $5.62. The firm has a fifty day moving average of $5.26 and a 200 day moving average of $4.93.

British Land Company Profile

British Land Company plc is a leading real estate investment trust primarily focused on the ownership, development and management of UK commercial property. The company’s portfolio is centred on high-quality office and retail destinations in key urban locations, combining long-term holdings with active redevelopment projects. Its core business activities include leasing space to corporate and retail tenants, asset management, and undertaking new developments aimed at enhancing urban environments and driving sustainable value.

Founded in 1856 as the Land Mortgage and Agency Company, British Land adopted its current name in the 1970s as it expanded beyond mortgage lending into direct property investment.