TAG Immobilien AG (OTCMKTS:TAGOF) Short Interest Down 60.0% in May

TAG Immobilien AG (OTCMKTS:TAGOF) saw a large drop in short interest in the month of May. As of May 15th, there was short interest totaling 183,100 shares, a drop of 60.0% from the April 30th total of 458,095 shares. Based on an average daily volume of 5 shares, the days-to-cover ratio is presently 36,620.0 days.

Analysts Set New Price Targets

Separately, Barclays raised TAG Immobilien from an “equal weight” rating to an “overweight” rating in a report on Tuesday, April 21st. Four analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has a consensus rating of “Buy”.

TAG Immobilien Stock Performance

Shares of TAGOF stock opened at $18.26 on Tuesday. TAG Immobilien has a 52-week low of $14.73 and a 52-week high of $19.50. The stock has a fifty day simple moving average of $17.09 and a two-hundred day simple moving average of $17.24.

TAG Immobilien Company Profile

TAG Immobilien AG is a Germany-based real estate company principally engaged in the acquisition, development and management of residential properties. Headquartered in Hamburg, the company focuses on creating a stable and diversified portfolio of rental housing across urban and growth regions. TAG Immobilien operates under a strategy of selective purchases, targeted modernization and active asset management to drive both occupancy levels and long-term value growth.

The company’s core business activities include the acquisition of existing residential buildings, the implementation of energy-efficient renovations and the day-to-day management of rental units.