LEG Immobilien AG (OTCMKTS:LEGIF) Sees Large Decline in Short Interest

LEG Immobilien AG (OTCMKTS:LEGIF) saw a significant drop in short interest during the month of July. As of July 31st, there was short interest totaling 2,089 shares, a drop of 59.1% from the July 15th total of 5,102 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 0 shares, the days-to-cover ratio is presently ∞ days.

LEG Immobilien Stock Performance

LEGIF remained flat at $60.15 during midday trading on Friday. The stock has a fifty day simple moving average of $59.98 and a two-hundred day simple moving average of $66.39. The company has a market capitalization of $4.55 billion, a price-to-earnings ratio of 3.41 and a beta of 0.93. LEG Immobilien has a one year low of $58.68 and a one year high of $85.41.

About LEG Immobilien

LEG Immobilien AG is one of Germany’s leading residential real estate companies, specializing in the development, acquisition and management of residential and commercial properties. Headquartered in Düsseldorf, the company focuses on providing affordable and sustainable living spaces to a diverse tenant base. Its core business includes the rental and technical management of housing units as well as value-enhancing modernization and maintenance services.

The company’s portfolio comprises approximately 130,000 residential units and several thousand commercial spaces, primarily located in North Rhine-Westphalia and adjacent German states.