LondonMetric Property Plc (OTCMKTS:LNSPF – Get Free Report) saw a significant increase in short interest in August. As of August 14th, there was short interest totaling 11,499 shares, an increase of 75.8% from the July 30th total of 6,540 shares. Based on an average daily volume of 35 shares, the short-interest ratio is presently 328.5 days.
LondonMetric Property Stock Performance
OTCMKTS:LNSPF opened at $2.65 on Monday. LondonMetric Property has a 52-week low of $2.24 and a 52-week high of $2.99. The stock has a 50-day simple moving average of $2.50 and a 200 day simple moving average of $2.59.
About LondonMetric Property
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.
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