Short Interest in TAG Immobilien AG (OTCMKTS:TAGOF) Increases By 515.3%

TAG Immobilien AG (OTCMKTS:TAGOF) was the target of a large increase in short interest during the month of April. As of April 15th, there was short interest totaling 473,416 shares, an increase of 515.3% from the March 31st total of 76,946 shares. Based on an average daily volume of 77 shares, the short-interest ratio is presently 6,148.3 days.

TAG Immobilien Price Performance

TAGOF stock opened at $18.26 on Friday. TAG Immobilien has a 52-week low of $14.73 and a 52-week high of $19.50. The business has a fifty day moving average of $17.16 and a two-hundred day moving average of $17.03.

Analyst Ratings Changes

Separately, Barclays raised TAG Immobilien from an “equal weight” rating to an “overweight” rating in a report on Tuesday. Four analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has a consensus 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.