Talanx AG (OTCMKTS:TLLXY) Sees Significant Drop in Short Interest

Talanx AG (OTCMKTS:TLLXY – Get Free Report) saw a significant decrease in short interest in the month of September. As of September 15th, there was short interest totaling 9 shares, a decrease of 99.1% from the August 31st total of 1,022 shares. Based on an average daily trading volume, of 9 shares, the short-interest ratio is currently 1.0 days.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on TLLXY. BNP Paribas Exane downgraded Talanx to a “neutral” rating in a report on Monday, September 7th. The Goldman Sachs Group initiated coverage on Talanx in a research report on Tuesday, July 28th. They set a “buy” rating on the stock. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy”.

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Talanx Price Performance

TLLXY remained flat at $72.22 during trading on Thursday. The stock’s fifty day simple moving average is $68.26 and its 200-day simple moving average is $63.23. Talanx has a 52 week low of $57.17 and a 52 week high of $75.00.

Talanx Company Profile

(Get Free Report)

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.

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