Short Interest in TAG Immobilien AG (OTCMKTS:TAGOF) Expands By 36.6%

TAG Immobilien AG (OTCMKTS:TAGOF) was the recipient of a significant increase in short interest in December. As of December 15th, there was short interest totaling 186,020 shares, an increase of 36.6% from the November 30th total of 136,213 shares. Based on an average daily volume of 16 shares, the short-interest ratio is presently 11,626.3 days. Based on an average daily volume of 16 shares, the short-interest ratio is presently 11,626.3 days.

TAG Immobilien Stock Performance

OTCMKTS:TAGOF opened at $16.98 on Wednesday. TAG Immobilien has a 52 week low of $13.30 and a 52 week high of $18.42. The firm has a 50-day moving average price of $17.15 and a two-hundred day moving average price of $17.12.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of TAG Immobilien in a research note on Monday, December 1st. Jefferies Financial Group restated a “buy” rating on shares of TAG Immobilien in a report on Sunday, September 7th. Finally, BNP Paribas raised TAG Immobilien from a “neutral” rating to an “outperform” rating in a research report on Wednesday, September 10th. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy”.

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.