Derwent London Plc (OTCMKTS:DWVYF) Short Interest Up 16.3% in October

Derwent London Plc (OTCMKTS:DWVYF) was the target of a large growth in short interest in the month of October. As of October 31st, there was short interest totalling 5,700 shares, a growth of 16.3% from the October 15th total of 4,900 shares. Based on an average daily volume of 100 shares, the days-to-cover ratio is currently 57.0 days.

Analyst Upgrades and Downgrades

Separately, Citigroup raised Derwent London to a “hold” rating in a report on Thursday, October 3rd.

Derwent London Stock Performance

Shares of DWVYF stock remained flat at $29.40 during trading hours on Friday. Derwent London has a fifty-two week low of $23.50 and a fifty-two week high of $30.30. The firm has a 50-day moving average of $30.01 and a two-hundred day moving average of $28.61.

About Derwent London

Derwent London plc owns 66 buildings in a commercial real estate portfolio predominantly in central London valued at £4.9 billion as at 31 December 2023, making it the largest London office-focused real estate investment trust (REIT). Our experienced team has a long track record of creating value throughout the property cycle by regenerating our buildings via development or refurbishment, effective asset management and capital recycling.