British Land Company PLC (OTCMKTS:BTLCY) Short Interest Down 34.1% in November

British Land Company PLC (OTCMKTS:BTLCY) was the target of a large drop in short interest in the month of November. As of November 15th, there was short interest totalling 14,300 shares, a drop of 34.1% from the October 31st total of 21,700 shares. Based on an average daily trading volume, of 49,800 shares, the days-to-cover ratio is presently 0.3 days.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft upgraded British Land from a “hold” rating to a “buy” rating in a research note on Wednesday, October 2nd.

British Land Stock Performance

Shares of OTCMKTS BTLCY opened at $4.92 on Friday. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.41. The firm has a 50-day moving average price of $5.46 and a 200 day moving average price of $5.38. British Land has a 52 week low of $4.29 and a 52 week high of $6.31.

British Land Increases Dividend

The company also recently declared a dividend, which will be paid on Monday, January 27th. Stockholders of record on Friday, December 6th will be paid a dividend of $0.109 per share. This is a positive change from British Land’s previous dividend of $0.10. The ex-dividend date of this dividend is Friday, December 6th.

British Land Company Profile

Our portfolio of high quality UK commercial property is focused on London Campuses and Retail & London Urban Logistics assets throughout the UK. We own or manage a portfolio valued at £13.0bn (British Land share: £8.9bn) as at 31 March 2023 making us one of Europe's largest listed real estate investment companies.