British Land Company PLC (OTCMKTS:BTLCY) Short Interest Down 10.5% in December

British Land Company PLC (OTCMKTS:BTLCY) saw a large drop in short interest during the month of December. As of December 15th, there was short interest totalling 3,400 shares, a drop of 10.5% from the November 30th total of 3,800 shares. Based on an average trading volume of 51,900 shares, the short-interest ratio is currently 0.1 days.

British Land Stock Down 0.8 %

OTCMKTS BTLCY traded down $0.04 on Monday, reaching $4.46. 34,357 shares of the company’s stock traded hands, compared to its average volume of 19,049. British Land has a fifty-two week low of $4.29 and a fifty-two week high of $6.31. 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 stock has a 50 day moving average price of $4.90 and a 200-day moving average price of $5.28.

British Land Increases Dividend

The business also recently disclosed a dividend, which will be paid on Monday, January 27th. Stockholders of record on Friday, December 6th will be issued a $0.109 dividend. The ex-dividend date of this dividend is Friday, December 6th. This is a boost from British Land’s previous dividend of $0.10.

Analyst Upgrades and Downgrades

BTLCY has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft upgraded British Land from a “hold” rating to a “buy” rating in a research note on Wednesday, October 2nd. The Goldman Sachs Group upgraded British Land from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 9th. Three investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, British Land presently has an average rating of “Moderate Buy”.

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.