Land Securities Group PLC (OTCMKTS:LSGOF) Sees Significant Decrease in Short Interest

Land Securities Group PLC (OTCMKTS:LSGOF) saw a large decrease in short interest in June. As of June 30th, there was short interest totaling 416,515 shares, a decrease of 38.3% from the June 15th total of 675,261 shares. Based on an average daily trading volume, of 151 shares, the short-interest ratio is presently 2,758.4 days. Currently, 0.1% of the company’s stock are sold short.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. The Goldman Sachs Group raised Land Securities Group from a “hold” rating to a “strong-buy” rating in a report on Sunday, March 29th. 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. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

Land Securities Group Price Performance

OTCMKTS:LSGOF opened at $8.90 on Friday. Land Securities Group has a 12 month low of $7.04 and a 12 month high of $9.35. The firm has a fifty day simple moving average of $8.48 and a 200-day simple moving average of $8.46. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.57.

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.