Short Interest in TAG Immobilien AG (OTCMKTS:TAGOF) Drops By 22.4%

TAG Immobilien AG (OTCMKTS:TAGOF) saw a large decline in short interest in March. As of March 13th, there was short interest totaling 70,656 shares, a decline of 22.4% from the February 26th total of 91,074 shares. Based on an average trading volume of 2 shares, the days-to-cover ratio is presently 35,328.0 days.

TAG Immobilien Stock Performance

OTCMKTS TAGOF opened at $15.00 on Friday. The firm’s fifty day moving average is $17.33 and its two-hundred day moving average is $17.18. TAG Immobilien has a one year low of $14.73 and a one year high of $19.50.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of TAG Immobilien in a report on Monday, December 1st. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently 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.