LEG Immobilien AG (OTCMKTS:LEGIF) Shares Shorted: Short Interest Down 59.9% in September

LEG Immobilien AG (OTCMKTS:LEGIF) was the target of a large drop in short interest during the month of September. As of September 30th, there was short interest totaling 3,279 shares, a drop of 59.9% from the September 15th total of 8,182 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average trading volume of 4 shares, the short-interest ratio is currently 819.8 days.

Analyst Ratings Changes

Separately, Jefferies Financial Group restated a “buy” rating on shares of LEG Immobilien in a report on Wednesday. Two equities research analysts have rated the stock with a Buy rating. According to data from MarketBeat, LEG Immobilien has an average rating of “Buy”.

LEG Immobilien Stock Performance

LEG Immobilien stock remained flat at $60.15 during mid-day trading on Wednesday. The stock has a 50 day moving average of $60.14 and a 200-day moving average of $62.69. The company has a market cap of $4.55 billion, a P/E ratio of 3.41 and a beta of 0.94. LEG Immobilien has a fifty-two week low of $58.68 and a fifty-two week high of $85.41.

About LEG Immobilien

LEG Immobilien SE is a German residential property company headquartered in Düsseldorf. The company owns, manages and develops residential real estate, with a primary focus on affordable housing and properties in North Rhine-Westphalia. Its portfolio includes apartments in urban and regional markets across the state.

LEG’s activities include leasing residential units, managing properties, carrying out maintenance and modernization work, and providing services for tenants. The company also invests in measures designed to improve the energy efficiency and long-term quality of its buildings.

The business traces its origins to the Landesentwicklungsgesellschaft Nordrhein-Westfalen, which was established in 1970.