Land Securities Group Plc (OTCMKTS:LDSCY) Short Interest Up 39,453.9% in April

Land Securities Group Plc (OTCMKTS:LDSCY) was the recipient of a significant increase in short interest in April. As of April 30th, there was short interest totaling 116,684 shares, an increase of 39,453.9% from the April 15th total of 295 shares. Based on an average daily volume of 241,954 shares, the days-to-cover ratio is currently 0.5 days.

Wall Street Analyst Weigh In

Separately, Panmure Gordon cut Land Securities Group to a “hold” rating in a research report on Thursday, January 15th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Land Securities Group Price Performance

Shares of OTCMKTS:LDSCY traded down $0.22 during trading on Monday, hitting $8.01. The company had a trading volume of 105,118 shares, compared to its average volume of 102,683. Land Securities Group has a one year low of $6.88 and a one year high of $9.49. The company has a fifty day simple moving average of $7.93 and a two-hundred day simple moving average of $8.32.

About Land Securities Group

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.