Land Securities Group Plc (OTCMKTS:LDSCY) Sees Large Increase in Short Interest

Land Securities Group Plc (OTCMKTS:LDSCY) was the target of a large growth in short interest in May. As of May 15th, there was short interest totaling 238,678 shares, a growth of 104.6% from the April 30th total of 116,684 shares. Based on an average trading volume of 237,734 shares, the days-to-cover ratio is currently 1.0 days.

Land Securities Group Price Performance

Shares of OTCMKTS:LDSCY traded up $0.04 during trading on Tuesday, hitting $8.66. 188,648 shares of the stock were exchanged, compared to its average volume of 105,324. The company has a fifty day moving average price of $7.95 and a two-hundred day moving average price of $8.29. Land Securities Group has a 12-month low of $6.88 and a 12-month high of $9.49.

Land Securities Group Company Profile

Land Securities Group plc, commonly known as Landsec, is a leading UK-based real estate investment trust focused on commercial property development, investment and management. The company’s portfolio spans retail destinations, office buildings, leisure complexes and mixed-use urban schemes. Landsec leverages its in-house expertise in asset management, leasing and property operations to optimize occupancy and enhance the customer experience across its holdings.

Landsec’s core activities include the development of purpose-built office spaces designed to meet evolving tenant requirements, the repositioning of underperforming retail assets and the creation of destination leisure and entertainment districts.