LondonMetric Property Plc (OTCMKTS:LNSPF – Get Free Report) was the recipient of a large increase in short interest in August. As of August 14th, there was short interest totaling 11,499 shares, an increase of 75.8% from the July 30th total of 6,540 shares. Based on an average trading volume of 35 shares, the short-interest ratio is currently 328.5 days.
LondonMetric Property Stock Performance
Shares of LNSPF remained flat at $2.65 during mid-day trading on Tuesday. LondonMetric Property has a 52-week low of $2.24 and a 52-week high of $2.99. The firm has a 50-day simple moving average of $2.51 and a two-hundred day simple moving average of $2.59.
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.
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