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

TAG Immobilien AG (OTCMKTS:TAGOF) was the target of a significant increase in short interest in February. As of February 13th, there was short interest totaling 124,546 shares, an increase of 33.1% from the January 29th total of 93,549 shares. Based on an average daily trading volume, of 50 shares, the days-to-cover ratio is currently 2,490.9 days. Based on an average daily trading volume, of 50 shares, the days-to-cover ratio is currently 2,490.9 days.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of TAG Immobilien in a research note on Monday, December 1st. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy”.

TAG Immobilien Stock Performance

Shares of TAGOF stock opened at $19.50 on Monday. The stock has a fifty day simple moving average of $17.10 and a two-hundred day simple moving average of $17.26. TAG Immobilien has a 52-week low of $13.30 and a 52-week high of $19.50.

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.