TAG Immobilien AG (OTCMKTS:TAGOF) Sees Large Increase in Short Interest

TAG Immobilien AG (OTCMKTS:TAGOF) was the recipient of a large growth in short interest during the month of June. As of June 15th, there was short interest totaling 336,244 shares, a growth of 82.5% from the May 31st total of 184,211 shares. Based on an average trading volume of 0 shares, the days-to-cover ratio is currently ∞ days.

TAG Immobilien Price Performance

OTCMKTS:TAGOF opened at $15.66 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 moving average of $17.73 and a 200 day moving average of $17.26.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. BNP Paribas Exane began coverage on shares of TAG Immobilien in a report on Wednesday. They set an “outperform” rating on the stock. Barclays raised shares of TAG Immobilien from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, April 21st. Four analysts have rated the stock with a Buy rating, Based on data from MarketBeat, TAG Immobilien 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.