Talanx AG (OTCMKTS:TLLXY) Short Interest Update

Talanx AG (OTCMKTS:TLLXY) was the target of a significant growth in short interest in August. As of August 31st, there was short interest totaling 1,022 shares, a growth of 1,693.0% from the August 15th total of 57 shares. Based on an average daily trading volume, of 297 shares, the days-to-cover ratio is currently 3.4 days.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on TLLXY. BNP Paribas Exane lowered Talanx to a “neutral” rating in a research note on Monday. The Goldman Sachs Group assumed coverage on shares of Talanx in a research note on Tuesday, July 28th. They set a “buy” rating on the stock. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Talanx Price Performance

Shares of Talanx stock opened at $72.22 on Friday. The business has a 50-day simple moving average of $67.19 and a 200-day simple moving average of $62.66. Talanx has a one year low of $57.17 and a one year high of $75.00.

Talanx Company Profile

Talanx AG is a Germany‐based insurance group headquartered in Hannover that provides a broad range of risk‐management products and services. The company operates through multiple segments, offering property & casualty coverage, life and health insurance solutions, as well as reinsurance capacity. Its flagship brands include HDI in the commercial and private insurance markets, Wüstenrot in savings and building‐financing products, and a significant stake in Hannover Re, one of the world’s leading reinsurance companies.

The Group’s property & casualty segment addresses the needs of corporate and retail clients in areas such as liability, engineering, marine and aviation risks.