Talanx AG (OTCMKTS:TLLXY) Short Interest Up 1,693.0% in August

Talanx AG (OTCMKTS:TLLXY) was the target of a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 1,022 shares, a growth of 1,693.0% from the August 15th total of 57 shares. Based on an average daily trading volume, of 297 shares, the short-interest ratio is presently 3.4 days.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. BNP Paribas Exane lowered shares of Talanx to a “neutral” rating in a report on Monday. The Goldman Sachs Group began coverage on Talanx in a research note on Tuesday, July 28th. They issued a “buy” rating on the stock. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy”.

Talanx Price Performance

Shares of OTCMKTS TLLXY remained flat at $72.22 during midday trading on Thursday. 28 shares of the stock were exchanged, compared to its average volume of 928. Talanx has a 52 week low of $57.17 and a 52 week high of $75.00. The business’s 50 day moving average is $66.71 and its 200-day moving average is $62.54.

Talanx Company Profile

Talanx AG is a Germany‐based insurance group headquartered in Hannover that provides a broad range of risk‐management products and services. The company operates through multiple segments, offering property & casualty coverage, life and health insurance solutions, as well as reinsurance capacity. Its flagship brands include HDI in the commercial and private insurance markets, Wüstenrot in savings and building‐financing products, and a significant stake in Hannover Re, one of the world’s leading reinsurance companies.

The Group’s property & casualty segment addresses the needs of corporate and retail clients in areas such as liability, engineering, marine and aviation risks.