British Land Company PLC Sponsored ADR (OTCMKTS:BTLCY) Sees Significant Growth in Short Interest

British Land Company PLC Sponsored ADR (OTCMKTS:BTLCY) was the recipient of a large increase in short interest in the month of June. As of June 15th, there was short interest totaling 18,157 shares, an increase of 251.9% from the May 31st total of 5,160 shares. Based on an average daily volume of 15,927 shares, the short-interest ratio is presently 1.1 days. Currently, 0.0% of the company’s shares are short sold.

British Land Stock Up 0.8%

BTLCY stock opened at $5.51 on Friday. British Land has a 12 month low of $4.26 and a 12 month high of $5.79. The firm’s 50-day moving average is $5.29 and its 200 day moving average is $5.27.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Barclays raised shares of British Land from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, May 26th. Jefferies Financial Group cut British Land from a “moderate sell” rating to a “strong sell” rating in a report on Thursday, April 30th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy”.

About British Land

British Land Company plc is a leading real estate investment trust primarily focused on the ownership, development and management of UK commercial property. The company’s portfolio is centred on high-quality office and retail destinations in key urban locations, combining long-term holdings with active redevelopment projects. Its core business activities include leasing space to corporate and retail tenants, asset management, and undertaking new developments aimed at enhancing urban environments and driving sustainable value.

Founded in 1856 as the Land Mortgage and Agency Company, British Land adopted its current name in the 1970s as it expanded beyond mortgage lending into direct property investment.