Land Securities Group Plc (OTCMKTS:LDSCY) Sees Large Decrease in Short Interest

Land Securities Group Plc (OTCMKTS:LDSCY) was the recipient of a large decrease in short interest in August. As of August 14th, there was short interest totaling 41,916 shares, a decrease of 51.2% from the July 30th total of 85,839 shares. Based on an average daily volume of 60,580 shares, the short-interest ratio is presently 0.7 days.

Wall Street Analysts Forecast Growth

Separately, Barclays restated an “overweight” rating on shares of Land Securities Group in a research note on Monday, August 24th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

Land Securities Group Trading Up 0.8%

Shares of LDSCY traded up $0.07 during mid-day trading on Friday, reaching $9.43. 28,213 shares of the stock traded hands, compared to its average volume of 102,460. The stock has a fifty day simple moving average of $9.28 and a 200 day simple moving average of $8.61. Land Securities Group has a 12-month low of $6.88 and a 12-month high of $9.98.

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.