British Land Company PLC (OTCMKTS:BTLCY) Short Interest Down 73.4% in November

British Land Company PLC (OTCMKTS:BTLCY) saw a large decline in short interest in the month of November. As of November 30th, there was short interest totalling 3,800 shares, a decline of 73.4% from the November 15th total of 14,300 shares. Based on an average daily volume of 51,000 shares, the days-to-cover ratio is presently 0.1 days.

British Land Price Performance

OTCMKTS:BTLCY opened at $4.60 on Friday. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.41. The company has a 50-day moving average of $5.22 and a 200-day moving average of $5.36. British Land has a 52 week low of $4.29 and a 52 week high of $6.31.

British Land Increases Dividend

The firm also recently declared a dividend, which will be paid on Monday, January 27th. Investors of record on Friday, December 6th will be given a $0.109 dividend. The ex-dividend date is Friday, December 6th. This is a positive change from British Land’s previous dividend of $0.10.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on BTLCY shares. Deutsche Bank Aktiengesellschaft upgraded shares of British Land from a “hold” rating to a “buy” rating in a research note on Wednesday, October 2nd. The Goldman Sachs Group raised British Land from a “hold” rating to a “strong-buy” rating in a report on Monday. Three equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

About British Land

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.