British Land Company PLC Sponsored ADR (OTCMKTS:BTLCY) Short Interest Down 58.3% in May

British Land Company PLC Sponsored ADR (OTCMKTS:BTLCY) was the target of a large drop in short interest in May. As of May 15th, there was short interest totaling 5,006 shares, a drop of 58.3% from the April 30th total of 12,012 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 35,208 shares, the short-interest ratio is currently 0.1 days.

British Land Price Performance

Shares of BTLCY stock opened at $5.39 on Monday. British Land has a 1-year low of $4.27 and a 1-year high of $5.79. The firm has a fifty day moving average of $5.07 and a two-hundred day moving average of $5.23.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on BTLCY shares. Jefferies Financial Group lowered shares of British Land from a “moderate sell” rating to a “strong sell” rating in a report on Thursday, April 30th. Barclays raised shares of British Land from an “equal weight” rating to an “overweight” rating in a report on Tuesday, May 26th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

British Land Company Profile

British Land Company plc is a leading real estate investment trust primarily focused on the ownership, development and management of UK commercial property. The company’s portfolio is centred on high-quality office and retail destinations in key urban locations, combining long-term holdings with active redevelopment projects. Its core business activities include leasing space to corporate and retail tenants, asset management, and undertaking new developments aimed at enhancing urban environments and driving sustainable value.

Founded in 1856 as the Land Mortgage and Agency Company, British Land adopted its current name in the 1970s as it expanded beyond mortgage lending into direct property investment.