Short Interest in British Land Company PLC Sponsored ADR (OTCMKTS:BTLCY) Increases By 69.3%

British Land Company PLC Sponsored ADR (OTCMKTS:BTLCY) saw a significant increase in short interest in January. As of January 30th, there was short interest totaling 10,877 shares, an increase of 69.3% from the January 15th total of 6,426 shares. Based on an average daily volume of 16,646 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.0% of the company’s stock are sold short. Currently, 0.0% of the company’s stock are sold short. Based on an average daily volume of 16,646 shares, the days-to-cover ratio is presently 0.7 days.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on BTLCY. UBS Group raised British Land from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 7th. Morgan Stanley reaffirmed an “overweight” rating on shares of British Land in a research report on Friday, December 5th. Finally, Panmure Gordon raised British Land to a “buy” rating in a report on Tuesday, December 2nd. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy”.

British Land Price Performance

British Land stock opened at $5.49 on Friday. British Land has a 1 year low of $4.15 and a 1 year high of $5.79. The company’s fifty day moving average price is $5.43 and its 200 day moving average price is $5.02.

About British Land

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.