Short Interest in Land Securities Group Plc (OTCMKTS:LDSCY) Drops By 88.2%

Land Securities Group Plc (OTCMKTS:LDSCY) was the target of a significant drop in short interest in the month of March. As of March 13th, there was short interest totaling 4,118 shares, a drop of 88.2% from the February 26th total of 34,878 shares. Based on an average trading volume of 186,056 shares, the days-to-cover ratio is presently 0.0 days.

Land Securities Group Trading Up 2.1%

Shares of OTCMKTS:LDSCY opened at $7.31 on Thursday. The company has a 50-day moving average price of $8.60 and a two-hundred day moving average price of $8.33. Land Securities Group has a twelve month low of $6.34 and a twelve month high of $9.49.

Analyst Upgrades and Downgrades

Separately, Panmure Gordon lowered shares of Land Securities Group to a “hold” rating in a research report on Thursday, January 15th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, Land Securities Group presently has an average rating of “Hold”.

About Land Securities Group

Land Securities Group plc, commonly known as Landsec, is a leading UK-based real estate investment trust focused on commercial property development, investment and management. The company’s portfolio spans retail destinations, office buildings, leisure complexes and mixed-use urban schemes. Landsec leverages its in-house expertise in asset management, leasing and property operations to optimize occupancy and enhance the customer experience across its holdings.

Landsec’s core activities include the development of purpose-built office spaces designed to meet evolving tenant requirements, the repositioning of underperforming retail assets and the creation of destination leisure and entertainment districts.