LEG Immobilien AG (OTCMKTS:LEGIF) Stock Short Interest Jumps 1,416.2%

LEG Immobilien AG (OTCMKTS:LEGIF) was the target of a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 49,717 shares, an increase of 1,416.2% from the September 30th total of 3,279 shares. Based on an average daily trading volume, of 145 shares, the short-interest ratio is currently 342.9 days. Currently, 0.1% of the company’s shares are short sold.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on LEGIF shares. Jefferies Financial Group reaffirmed a “buy” rating on shares of LEG Immobilien in a research note on Wednesday, October 14th. Morgan Stanley lowered LEG Immobilien from an “equal weight” rating to an “underweight” rating in a research note on Tuesday, October 20th. Two investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold”.

LEG Immobilien Stock Performance

OTCMKTS:LEGIF remained flat at $60.15 during trading hours on Monday. LEG Immobilien has a 1-year low of $58.68 and a 1-year high of $85.41. The stock has a market capitalization of $4.55 billion, a price-to-earnings ratio of 3.17 and a beta of 0.94. The stock has a 50 day moving average price of $60.14 and a two-hundred day moving average price of $65.14.

LEG Immobilien Company Profile

LEG Immobilien SE is a Germany-based residential real estate company focused primarily on owning, managing and developing rental housing. The company provides homes to private tenants and generates additional services related to property management, maintenance, modernization and the operation of residential communities.

LEG’s portfolio is concentrated in North Rhine-Westphalia, one of Germany’s largest and most densely populated states. Its activities include managing existing apartment buildings, improving the energy efficiency and quality of its properties, and providing tenant-oriented services.