Derwent London Plc (OTCMKTS:DWVYF) Short Interest Up 6.4% in November

Derwent London Plc (OTCMKTS:DWVYF) was the target of a large increase in short interest in November. As of November 30th, there was short interest totalling 121,100 shares, an increase of 6.4% from the November 15th total of 113,800 shares. Based on an average daily volume of 400 shares, the days-to-cover ratio is presently 302.8 days.

Analysts Set New Price Targets

Separately, Citigroup upgraded shares of Derwent London to a “hold” rating in a report on Thursday, October 3rd.

Derwent London Price Performance

Shares of OTCMKTS DWVYF opened at $26.90 on Tuesday. The company has a fifty day moving average price of $28.93 and a 200 day moving average price of $29.14. Derwent London has a 1-year low of $24.53 and a 1-year high of $30.30.

Derwent London Company Profile

Derwent London plc owns 66 buildings in a commercial real estate portfolio predominantly in central London valued at £4.9 billion as at 31 December 2023, making it the largest London office-focused real estate investment trust (REIT). Our experienced team has a long track record of creating value throughout the property cycle by regenerating our buildings via development or refurbishment, effective asset management and capital recycling.