Short Interest in British Land Company PLC (OTCMKTS:BTLCY) Grows By 1,497.5%

British Land Company PLC (OTCMKTS:BTLCY) was the target of a significant increase in short interest in the month of October. As of October 15th, there was short interest totalling 63,900 shares, an increase of 1,497.5% from the September 30th total of 4,000 shares. Based on an average daily volume of 92,100 shares, the short-interest ratio is currently 0.7 days.

British Land Price Performance

BTLCY stock opened at $5.54 on Friday. The business has a fifty day moving average price of $5.76 and a 200 day moving average price of $5.35. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.41. British Land has a fifty-two week low of $3.49 and a fifty-two week high of $6.31.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on BTLCY. Hsbc Global Res upgraded shares of British Land to a “hold” rating in a research note on Monday, July 1st. HSBC raised shares of British Land from a “reduce” rating to a “hold” rating in a research note on Monday, July 1st. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of British Land from a “hold” rating to a “buy” rating in a research note on Wednesday, October 2nd.

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.