Land Securities Group Plc (OTCMKTS:LDSCY) Sees Large Decline in Short Interest

by · The Cerbat Gem

Land Securities Group Plc (OTCMKTS:LDSCY – Get Free Report) saw a large drop in short interest during the month of August. As of August 14th, there was short interest totaling 41,916 shares, a drop of 51.2% from the July 30th total of 85,839 shares. Based on an average daily volume of 60,580 shares, the days-to-cover ratio is currently 0.7 days.

Analysts Set New Price Targets

Separately, Barclays restated an “overweight” rating on shares of Land Securities Group in a report on Monday. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

Get Our Latest Stock Analysis on Land Securities Group

Land Securities Group Trading Up 0.8%

OTCMKTS LDSCY traded up $0.07 during mid-day trading on Friday, hitting $9.43. The company’s stock had a trading volume of 28,213 shares, compared to its average volume of 102,460. Land Securities Group has a 52-week low of $6.88 and a 52-week high of $9.98. The stock’s fifty day simple moving average is $9.28 and its two-hundred day simple moving average is $8.61.

About Land Securities Group

(Get Free Report)

Land Securities Group plc, commonly known as Landsec, is a leading UK-based real estate investment trust focused on commercial property development, investment and management. The company’s portfolio spans retail destinations, office buildings, leisure complexes and mixed-use urban schemes. Landsec leverages its in-house expertise in asset management, leasing and property operations to optimize occupancy and enhance the customer experience across its holdings.

Landsec’s core activities include the development of purpose-built office spaces designed to meet evolving tenant requirements, the repositioning of underperforming retail assets and the creation of destination leisure and entertainment districts.

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