Short Interest in British Land Company PLC (OTCMKTS:BTLCY) Drops By 34.1%

British Land Company PLC (OTCMKTS:BTLCY) saw a large drop in short interest in the month of November. As of November 15th, there was short interest totalling 14,300 shares, a drop of 34.1% from the October 31st total of 21,700 shares. Based on an average trading volume of 49,800 shares, the short-interest ratio is currently 0.3 days.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft raised shares of British Land from a “hold” rating to a “buy” rating in a research note on Wednesday, October 2nd.

British Land Stock Performance

BTLCY stock opened at $4.96 on Friday. The business has a 50 day moving average of $5.43 and a 200 day moving average of $5.37. British Land has a twelve month low of $4.29 and a twelve month high of $6.31. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.41.

British Land Increases Dividend

The business also recently declared a dividend, which will be paid on Monday, January 27th. Stockholders of record on Friday, December 6th will be issued a dividend of $0.109 per share. The ex-dividend date is Friday, December 6th. This is an increase from British Land’s previous dividend of $0.10.

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.