Short Interest in Derwent London Plc (OTCMKTS:DWVYF) Rises By 16.3%

Derwent London Plc (OTCMKTS:DWVYF) was the target of a large increase in short interest in October. As of October 31st, there was short interest totalling 5,700 shares, an increase of 16.3% from the October 15th total of 4,900 shares. Based on an average daily trading volume, of 100 shares, the short-interest ratio is presently 57.0 days.

Wall Street Analyst Weigh In

Separately, Citigroup raised shares of Derwent London to a “hold” rating in a research note on Thursday, October 3rd.

Derwent London Stock Performance

Shares of Derwent London stock remained flat at $29.40 during trading on Friday. Derwent London has a twelve month low of $23.50 and a twelve month high of $30.30. The stock has a 50-day moving average price of $30.01 and a two-hundred day moving average price of $28.67.

About Derwent London

Derwent London plc owns 66 buildings in a commercial real estate portfolio predominantly in central London valued at £4.9 billion as at 31 December 2023, making it the largest London office-focused real estate investment trust (REIT). Our experienced team has a long track record of creating value throughout the property cycle by regenerating our buildings via development or refurbishment, effective asset management and capital recycling.