Land Securities Group PLC (OTCMKTS:LSGOF) Short Interest Down 40.3% in May

Land Securities Group PLC (OTCMKTS:LSGOF) was the target of a large drop in short interest in May. As of May 15th, there was short interest totaling 413,661 shares, a drop of 40.3% from the April 30th total of 693,040 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily volume of 3,675 shares, the short-interest ratio is presently 112.6 days.

Land Securities Group Price Performance

Shares of LSGOF remained flat at $8.49 during trading hours on Wednesday. The company had a trading volume of 106 shares, compared to its average volume of 1,022. Land Securities Group has a one year low of $7.05 and a one year high of $9.35. The firm has a 50 day moving average price of $7.88 and a two-hundred day moving average price of $8.29.

Wall Street Analyst Weigh In

Several brokerages recently commented on LSGOF. Jefferies Financial Group lowered Land Securities Group from a “moderate sell” rating to a “strong sell” rating in a report on Thursday, April 30th. The Goldman Sachs Group raised Land Securities Group from a “hold” rating to a “strong-buy” rating in a report on Sunday, March 29th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the company. According to MarketBeat, Land Securities Group has a consensus rating of “Moderate Buy”.

Land Securities Group Company Profile

Land Securities Group (OTCMKTS:LSGOF), commonly known as Landsec, is one of the United Kingdom’s largest commercial property development and investment companies. The firm specializes in the acquisition, development, and management of a diversified real estate portfolio, which spans office spaces, retail centres, leisure venues and residential projects. Landsec’s integrated approach combines property investment with active asset and estate management, aiming to enhance value through strategic redevelopment and sustainable building practices.

Landsec’s portfolio is concentrated primarily in key urban markets across the UK, with a particular focus on central London, major regional towns and cities.