Land Securities Group PLC (OTCMKTS:LSGOF) Short Interest Up 73.9% in June

Land Securities Group PLC (OTCMKTS:LSGOF) was the recipient of a large increase in short interest during the month of June. As of June 15th, there was short interest totaling 675,261 shares, an increase of 73.9% from the May 31st total of 388,342 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 346 shares, the days-to-cover ratio is currently 1,951.6 days.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Jefferies Financial Group downgraded shares of Land Securities Group from a “moderate sell” rating to a “strong sell” rating in a report on Thursday, April 30th. The Goldman Sachs Group upgraded shares of Land Securities Group from a “hold” rating to a “strong-buy” rating in a research report on Sunday, March 29th. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Land Securities Group presently has an average rating of “Moderate Buy”.

Land Securities Group Stock Performance

LSGOF remained flat at $8.79 during trading hours on Thursday. The business’s 50 day simple moving average is $8.33 and its two-hundred day simple moving average is $8.40. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.67 and a quick ratio of 0.67. Land Securities Group has a 52 week low of $7.04 and a 52 week high of $9.35.

About Land Securities Group

Land Securities Group (OTCMKTS:LSGOF), commonly known as Landsec, is one of the United Kingdom’s largest commercial property development and investment companies. The firm specializes in the acquisition, development, and management of a diversified real estate portfolio, which spans office spaces, retail centres, leisure venues and residential projects. Landsec’s integrated approach combines property investment with active asset and estate management, aiming to enhance value through strategic redevelopment and sustainable building practices.

Landsec’s portfolio is concentrated primarily in key urban markets across the UK, with a particular focus on central London, major regional towns and cities.