LEG Immobilien AG (OTCMKTS:LEGIF) Shares Shorted: Short Interest Down 59.9% in September

LEG Immobilien AG (OTCMKTS:LEGIF) saw a significant decline in short interest in the month of September. As of September 30th, there was short interest totaling 3,279 shares, a decline of 59.9% from the September 15th total of 8,182 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 4 shares, the days-to-cover ratio is presently 819.8 days.

LEG Immobilien Stock Performance

Shares of LEGIF remained flat at $60.15 during mid-day trading on Thursday. The firm has a market cap of $4.55 billion, a P/E ratio of 3.41 and a beta of 0.94. The firm has a 50-day moving average of $60.14 and a two-hundred day moving average of $62.66. LEG Immobilien has a 52 week low of $58.68 and a 52 week high of $85.41.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group reissued a “buy” rating on shares of LEG Immobilien in a research note on Wednesday. Two research analysts have rated the stock with a Buy rating. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy”.

LEG Immobilien Company Profile

LEG Immobilien SE is a German residential property company headquartered in Düsseldorf. The company owns, manages and develops residential real estate, with a primary focus on affordable housing and properties in North Rhine-Westphalia. Its portfolio includes apartments in urban and regional markets across the state.

LEG’s activities include leasing residential units, managing properties, carrying out maintenance and modernization work, and providing services for tenants. The company also invests in measures designed to improve the energy efficiency and long-term quality of its buildings.

The business traces its origins to the Landesentwicklungsgesellschaft Nordrhein-Westfalen, which was established in 1970.