Short Interest in LondonMetric Property Plc (OTCMKTS:LNSPF) Rises By 75.8%

LondonMetric Property Plc (OTCMKTS:LNSPF) was the recipient of a significant growth in short interest during the month of August. As of August 14th, there was short interest totaling 11,499 shares, a growth of 75.8% from the July 30th total of 6,540 shares. Based on an average daily volume of 35 shares, the days-to-cover ratio is presently 328.5 days.

LondonMetric Property Price Performance

Shares of OTCMKTS:LNSPF opened at $2.65 on Wednesday. The stock’s 50-day moving average price is $2.51 and its two-hundred day moving average price is $2.59. LondonMetric Property has a 12-month low of $2.24 and a 12-month high of $2.99.

LondonMetric Property Company Profile

LondonMetric Property PLC is a UK-based real estate investment trust (REIT) that specializes in the acquisition, management and development of distribution warehouses, retail parks and community retail assets. The company seeks properties with strong income characteristics and potential for asset enhancement through refurbishment, redevelopment or active leasing strategies. Its portfolio spans a range of sectors, including logistics facilities serving major e-commerce and retail clients, as well as supermarket-anchored retail parks and neighborhood retail schemes.

Established in 2007 through the merger of two specialist property companies, LondonMetric has grown its portfolio primarily across the United Kingdom and Ireland.