TAG Immobilien AG (OTCMKTS:TAGOF) Sees Large Increase in Short Interest

TAG Immobilien AG (OTCMKTS:TAGOF) saw a significant increase in short interest during the month of June. As of June 15th, there was short interest totaling 336,244 shares, an increase of 82.5% from the May 31st total of 184,211 shares. Based on an average daily volume of 0 shares, the short-interest ratio is presently ∞ days.

Analyst Ratings Changes

TAGOF has been the subject of a number of recent research reports. BNP Paribas Exane started coverage on TAG Immobilien in a report on Wednesday. They issued an “outperform” rating for the company. Barclays upgraded TAG Immobilien from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, April 21st. Four equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, TAG Immobilien currently has an average rating of “Buy”.

TAG Immobilien Price Performance

Shares of OTCMKTS TAGOF opened at $15.66 on Friday. The company’s fifty day simple moving average is $17.78 and its 200 day simple moving average is $17.27. TAG Immobilien has a 12-month low of $14.73 and a 12-month high of $19.50.

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.