Land Securities Group PLC (OTCMKTS:LSGOF) Sees Large Growth in Short Interest

Land Securities Group PLC (OTCMKTS:LSGOF) saw a large increase in short interest during the month of August. As of August 31st, there was short interest totaling 885,678 shares, an increase of 76.1% from the August 15th total of 502,940 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 3 shares, the days-to-cover ratio is presently 295,226.0 days.

Land Securities Group Price Performance

Shares of Land Securities Group stock remained flat at $8.61 on Wednesday. Land Securities Group has a 12 month low of $7.04 and a 12 month high of $9.72. The business has a 50-day simple moving average of $9.36 and a 200-day simple moving average of $8.67. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.57.

Land Securities Group Company Profile

Land Securities Group plc, commonly known as Landsec, is a United Kingdom-based commercial property company. It owns, develops and manages property across several sectors, including offices, retail destinations, leisure assets and mixed-use urban neighborhoods.

The company’s activities include property investment, development, asset management and leasing. Its portfolio includes office buildings, shopping centers and retail parks, as well as large-scale mixed-use developments that combine workspaces, homes, shops, restaurants and public spaces.

Founded in 1944, Landsec has historically focused on the UK property market, with assets concentrated in London and other major UK cities.