British Land Company PLC Sponsored ADR (OTCMKTS:BTLCY) Short Interest Down 58.3% in May

British Land Company PLC Sponsored ADR (OTCMKTS:BTLCY) was the recipient of a large decrease in short interest in May. As of May 15th, there was short interest totaling 5,006 shares, a decrease of 58.3% from the April 30th total of 12,012 shares. Based on an average trading volume of 35,208 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the company’s stock are short sold.

British Land Price Performance

Shares of OTCMKTS:BTLCY opened at $5.28 on Tuesday. The company’s 50-day moving average is $5.08 and its 200 day moving average is $5.23. British Land has a fifty-two week low of $4.27 and a fifty-two week high of $5.79.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on BTLCY. Jefferies Financial Group lowered shares of British Land from a “moderate sell” rating to a “strong sell” rating in a research note on Thursday, April 30th. Barclays upgraded shares of British Land from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, May 26th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

British Land Company Profile

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.