LondonMetric Property Plc (OTCMKTS:LNSPF) Short Interest Update

LondonMetric Property Plc (OTCMKTS:LNSPF) was the recipient of a large increase in short interest during the month of June. As of June 15th, there was short interest totaling 51,274 shares, an increase of 6,637.7% from the May 31st total of 761 shares. Based on an average trading volume of 1,942 shares, the days-to-cover ratio is presently 26.4 days.

LondonMetric Property Stock Performance

LondonMetric Property stock opened at $2.45 on Friday. LondonMetric Property has a fifty-two week low of $2.24 and a fifty-two week high of $2.99. The firm has a 50 day moving average price of $2.59 and a 200 day moving average price of $2.61.

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.