LEG Immobilien AG (OTCMKTS:LEGIF) Sees Large Drop in Short Interest

LEG Immobilien AG (OTCMKTS:LEGIF) was the target of a large decline in short interest in June. As of June 30th, there was short interest totaling 5,406 shares, a decline of 56.5% from the June 15th total of 12,417 shares. Based on an average daily volume of 87 shares, the days-to-cover ratio is currently 62.1 days. Currently, 0.0% of the shares of the stock are short sold.

LEG Immobilien Price Performance

Shares of OTCMKTS:LEGIF remained flat at $60.15 on Wednesday. The stock has a market cap of $4.55 billion, a price-to-earnings ratio of 3.38 and a beta of 0.94. The firm’s 50-day simple moving average is $63.40 and its 200 day simple moving average is $68.15. LEG Immobilien has a fifty-two week low of $58.68 and a fifty-two week high of $85.41.

LEG Immobilien Company Profile

LEG Immobilien AG is one of Germany’s leading residential real estate companies, specializing in the development, acquisition and management of residential and commercial properties. Headquartered in Düsseldorf, the company focuses on providing affordable and sustainable living spaces to a diverse tenant base. Its core business includes the rental and technical management of housing units as well as value-enhancing modernization and maintenance services.

The company’s portfolio comprises approximately 130,000 residential units and several thousand commercial spaces, primarily located in North Rhine-Westphalia and adjacent German states.