British Land Company PLC (OTCMKTS:BTLCY) Short Interest Down 30.0% in June

British Land Company PLC (OTCMKTS:BTLCY) was the target of a large drop in short interest in the month of June. As of June 15th, there was short interest totalling 4,900 shares, a drop of 30.0% from the May 31st total of 7,000 shares. Based on an average trading volume of 9,600 shares, the days-to-cover ratio is presently 0.5 days.

British Land Trading Up 2.0 %

OTCMKTS BTLCY opened at $5.18 on Monday. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.41. The stock has a 50-day simple moving average of $5.17 and a two-hundred day simple moving average of $4.93. British Land has a fifty-two week low of $3.48 and a fifty-two week high of $5.64.

British Land Cuts Dividend

The business also recently announced a dividend, which will be paid on Monday, August 5th. Shareholders of record on Friday, June 21st will be paid a dividend of $0.0953 per share. The ex-dividend date of this dividend is Friday, June 21st.

Wall Street Analyst Weigh In

Separately, Stifel Nicolaus downgraded British Land from a “buy” rating to a “hold” rating in a report on Thursday, June 20th. Two analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, British Land currently has an average rating of “Hold” and an average target price of $432.00.

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.