Talanx AG (OTCMKTS:TLLXY) Shares Shorted: Short Interest Down 99.1% in September

Talanx AG (OTCMKTS:TLLXY) was the target of a significant drop in short interest in September. As of September 15th, there was short interest totaling 9 shares, a drop of 99.1% from the August 31st total of 1,022 shares. Based on an average daily volume of 9 shares, the days-to-cover ratio is currently 1.0 days.

Talanx Stock Performance

TLLXY opened at $72.22 on Friday. The stock has a 50-day moving average price of $68.50 and a 200-day moving average price of $63.37. Talanx has a 12-month low of $57.17 and a 12-month high of $75.00.

Wall Street Analysts Forecast Growth

TLLXY has been the subject of a number of research reports. The Goldman Sachs Group assumed coverage on shares of Talanx in a research note on Tuesday, July 28th. They issued a “buy” rating for the company. BNP Paribas Exane cut shares of Talanx to a “neutral” rating in a research report on Monday, September 7th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

About Talanx

Talanx AG is a Germany-based insurance group headquartered in Hannover. Through its operating brands and subsidiaries, the company provides insurance and reinsurance products to individuals, businesses, and institutional clients.

Talanx’s activities include industrial insurance, retail insurance in Germany and international markets, and reinsurance. Its portfolio covers areas such as property and casualty, life and health, specialty insurance, risk management, and related services. The group’s insurance brands include HDI, while it also holds a majority interest in Hannover Re, one of the world’s major reinsurers.

Talanx traces its origins to the establishment of Haftpflichtverband der Deutschen Industrie in 1903.