Short Interest in TAG Immobilien AG (OTCMKTS:TAGOF) Drops By 60.0%

TAG Immobilien AG (OTCMKTS:TAGOF) was the target of a large drop in short interest during the month of May. As of May 15th, there was short interest totaling 183,100 shares, a drop of 60.0% from the April 30th total of 458,095 shares. Based on an average daily trading volume, of 5 shares, the short-interest ratio is presently 36,620.0 days.

TAG Immobilien Price Performance

Shares of OTCMKTS:TAGOF remained flat at $18.26 during midday trading on Friday. TAG Immobilien has a 1 year low of $14.73 and a 1 year high of $19.50. The company has a 50 day simple moving average of $17.04 and a two-hundred day simple moving average of $17.24.

Wall Street Analyst Weigh In

Separately, Barclays upgraded TAG Immobilien from an “equal weight” rating to an “overweight” rating in a report on Tuesday, April 21st. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy”.

About TAG Immobilien

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.