TAG Immobilien AG (OTCMKTS:TAGOF) Short Interest Down 22.4% in March

TAG Immobilien AG (OTCMKTS:TAGOFGet Free Report) was the target of a significant decline in short interest in March. As of March 13th, there was short interest totaling 70,656 shares, a decline of 22.4% from the February 26th total of 91,074 shares. Based on an average daily trading volume, of 2 shares, the days-to-cover ratio is presently 35,328.0 days.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of TAG Immobilien in a research note on Monday, December 1st. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy”.

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TAG Immobilien Price Performance

Shares of TAGOF opened at $15.00 on Monday. The company’s 50 day moving average price is $17.33 and its 200 day moving average price is $17.17. TAG Immobilien has a 52 week low of $14.73 and a 52 week high of $19.50.

TAG Immobilien Company Profile

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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.

Further Reading

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