Land Securities Group PLC (OTCMKTS:LSGOF) Sees Large Increase in Short Interest

Land Securities Group PLC (OTCMKTS:LSGOFGet Free Report) was the recipient of a large increase in short interest in the month of August. As of August 31st, there was short interest totaling 885,678 shares, an increase of 76.1% from the August 15th total of 502,940 shares. Based on an average daily volume of 3 shares, the short-interest ratio is presently 295,226.0 days. Currently, 0.1% of the company’s shares are short sold.

Land Securities Group Price Performance

Shares of OTCMKTS:LSGOF opened at $8.61 on Friday. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.57. Land Securities Group has a 12 month low of $7.04 and a 12 month high of $9.72. The firm’s 50-day moving average is $9.35 and its 200 day moving average is $8.66.

About Land Securities Group

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Land Securities Group plc, commonly known as Landsec, is a United Kingdom-based commercial property company. It owns, develops and manages property across several sectors, including offices, retail destinations, leisure assets and mixed-use urban neighborhoods.

The company’s activities include property investment, development, asset management and leasing. Its portfolio includes office buildings, shopping centers and retail parks, as well as large-scale mixed-use developments that combine workspaces, homes, shops, restaurants and public spaces.

Founded in 1944, Landsec has historically focused on the UK property market, with assets concentrated in London and other major UK cities.

Further Reading

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