British Land Company PLC (OTCMKTS:BTLCY) Short Interest Up 147.1% in December

British Land Company PLC (OTCMKTS:BTLCY) was the recipient of a significant growth in short interest in the month of December. As of December 31st, there was short interest totalling 8,400 shares, a growth of 147.1% from the December 15th total of 3,400 shares. Based on an average trading volume of 102,500 shares, the days-to-cover ratio is currently 0.1 days.

British Land Price Performance

British Land stock traded up $0.19 during trading hours on Thursday, hitting $4.37. The company had a trading volume of 38,708 shares, compared to its average volume of 32,591. The company has a 50-day moving average price of $4.64 and a two-hundred day moving average price of $5.20. British Land has a 1 year low of $4.13 and a 1 year high of $6.31.

British Land Increases Dividend

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. The Goldman Sachs Group raised British Land from a “hold” rating to a “strong-buy” rating in a report on Monday, December 9th. Deutsche Bank Aktiengesellschaft upgraded shares of British Land from a “hold” rating to a “buy” rating in a research note on Wednesday, October 2nd. Three investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock 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.