Land Securities Group Plc (OTCMKTS:LDSCY) Short Interest Down 51.2% in August

Land Securities Group Plc (OTCMKTS:LDSCY) was the recipient of a significant decrease in short interest during the month of August. As of August 14th, there was short interest totaling 41,916 shares, a decrease of 51.2% from the July 30th total of 85,839 shares. Based on an average trading volume of 60,580 shares, the short-interest ratio is currently 0.7 days.

Analysts Set New Price Targets

Separately, Barclays reiterated an “overweight” rating on shares of Land Securities Group in a research report on Monday. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Land Securities Group has a consensus rating of “Moderate Buy”.

Land Securities Group Price Performance

Shares of LDSCY traded up $0.07 during trading on Friday, reaching $9.43. 28,213 shares of the company traded hands, compared to its average volume of 102,460. The stock has a 50-day simple moving average of $9.28 and a 200-day simple moving average of $8.61. Land Securities Group has a twelve month low of $6.88 and a twelve month high of $9.98.

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.