TAG Immobilien AG (OTCMKTS:TAGOF) Short Interest Up 72.3% in July

TAG Immobilien AG (OTCMKTS:TAGOF – Get Free Report) was the target of a large growth in short interest during the month of July. As of July 15th, there was short interest totaling 554,162 shares, a growth of 72.3% from the June 30th total of 321,696 shares. Based on an average trading volume of 0 shares, the days-to-cover ratio is presently ∞ days.

Wall Street Analyst Weigh In

TAGOF has been the subject of a number of recent research reports. Barclays raised shares of TAG Immobilien from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, April 21st. BNP Paribas Exane began coverage on TAG Immobilien in a report on Wednesday, July 1st. They issued an “outperform” rating on the stock. Four equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy”.

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TAG Immobilien Stock Performance

Shares of TAG Immobilien stock opened at $15.66 on Friday. The stock’s 50-day simple moving average is $16.69 and its 200-day simple moving average is $17.08. TAG Immobilien has a 52 week low of $14.73 and a 52 week high of $19.50.

TAG Immobilien Company Profile

(Get Free Report)

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.

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