TAG Immobilien AG (OTCMKTS:TAGOF) Short Interest Update

TAG Immobilien AG (OTCMKTS:TAGOF) saw a large increase in short interest in July. As of July 15th, there was short interest totaling 554,162 shares, an increase of 72.3% from the June 30th total of 321,696 shares. Based on an average daily volume of 0 shares, the short-interest ratio is currently ∞ days.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on TAGOF. BNP Paribas Exane began coverage on shares of TAG Immobilien in a research report on Wednesday, July 1st. They set an “outperform” rating for the company. Barclays raised shares of TAG Immobilien from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, April 21st. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, TAG Immobilien has an average rating of “Buy”.

TAG Immobilien Price Performance

OTCMKTS:TAGOF opened at $15.66 on Friday. The stock has a 50 day moving average of $16.69 and a 200-day moving average of $17.08. TAG Immobilien has a 52 week low of $14.73 and a 52 week high of $19.50.

About TAG Immobilien

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.