TAG Immobilien AG (OTCMKTS:TAGOF) Short Interest Update

TAG Immobilien AG (OTCMKTS:TAGOF) was the recipient of a significant decrease in short interest in February. As of February 27th, there was short interest totaling 91,074 shares, a decrease of 26.9% from the February 12th total of 124,546 shares. Based on an average trading volume of 78 shares, the short-interest ratio is currently 1,167.6 days. Based on an average trading volume of 78 shares, the short-interest ratio is currently 1,167.6 days.

TAG Immobilien Stock Performance

OTCMKTS:TAGOF opened at $19.50 on Friday. The business has a 50 day simple moving average of $17.60 and a 200 day simple moving average of $17.38. TAG Immobilien has a 12-month low of $13.30 and a 12-month high of $19.50.

Analysts Set New Price Targets

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 MarketBeat.com, the stock has a consensus rating of “Buy”.

TAG Immobilien Company Profile

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.