TAG Immobilien AG (OTCMKTS:TAGOF) Sees Significant Decline in Short Interest

TAG Immobilien AG (OTCMKTS:TAGOF – Get Rating) saw a large decline in short interest in the month of March. As of March 31st, there was short interest totalling 4,400 shares, a decline of 93.7% from the March 15th total of 69,400 shares. Based on an average daily volume of 0 shares, the short-interest ratio is presently ∞ days.

A number of equities research analysts have recently commented on TAGOF shares. Barclays lowered their target price on TAG Immobilien from €26.00 ($28.26) to €24.00 ($26.09) and set an “overweight” rating on the stock in a research note on Wednesday, March 30th. Societe Generale upgraded TAG Immobilien from a “hold” rating to a “buy” rating in a research note on Friday, March 25th.

Shares of TAGOF remained flat at $$32.63 during midday trading on Wednesday. The company’s 50-day moving average is $32.63 and its 200 day moving average is $32.63. TAG Immobilien has a 12-month low of $27.50 and a 12-month high of $32.93.

About TAG Immobilien (Get Rating)

TAG Immobilien AG, a real estate company, acquires, develops, and manages residential real estate properties in Germany. It also operates commercial real estate properties. As of December 31, 2020, the company managed approximately 88,300 residential units. The company was formerly known as TAG Tegernsee Immobilien-und Beteiligungs-Aktiengesellschaft and changed its name to TAG Immobilien AG in September 2008.

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