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

TAG Immobilien AG (OTCMKTS:TAGOFGet Free Report) saw a significant drop in short interest during the month of September. As of September 15th, there was short interest totalling 129,800 shares, a drop of 31.8% from the August 31st total of 190,300 shares. Based on an average daily volume of 100 shares, the days-to-cover ratio is currently 1,298.0 days.

Analyst Ratings Changes

Several analysts recently issued reports on the company. HSBC cut TAG Immobilien from a “buy” rating to a “hold” rating in a research note on Wednesday. Deutsche Bank Aktiengesellschaft raised TAG Immobilien from a “sell” rating to a “hold” rating in a research note on Tuesday, July 18th.

Read Our Latest Analysis on TAG Immobilien

TAG Immobilien Price Performance

TAG Immobilien stock opened at $11.37 on Thursday. The stock’s 50 day simple moving average is $10.69 and its two-hundred day simple moving average is $9.04. TAG Immobilien has a fifty-two week low of $5.87 and a fifty-two week high of $11.50.

About TAG Immobilien

(Get Free Report)

TAG Immobilien AG, a real estate company, acquires, develops, and manages residential real estate properties in Germany. It also rents commercial real estate properties, as well as operates serviced apartments. The company was formerly known as TAG Tegernsee Immobilien-und Beteiligungs-Aktiengesellschaft and changed its name to TAG Immobilien AG in September 2008.

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