Talanx AG (OTCMKTS:TLLXY) Short Interest Up 1,693.0% in August

Talanx AG (OTCMKTS:TLLXY) was the recipient of a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 1,022 shares, a growth of 1,693.0% from the August 15th total of 57 shares. Based on an average daily trading volume, of 297 shares, the short-interest ratio is currently 3.4 days.

Talanx Price Performance

Shares of OTCMKTS TLLXY remained flat at $72.22 during midday trading on Thursday. 28 shares of the stock were exchanged, compared to its average volume of 928. Talanx has a 12 month low of $57.17 and a 12 month high of $75.00. The stock has a fifty day simple moving average of $66.71 and a 200 day simple moving average of $62.54.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on TLLXY shares. BNP Paribas Exane lowered shares of Talanx to a “neutral” rating in a research note on Monday. The Goldman Sachs Group assumed coverage on shares of Talanx in a report on Tuesday, July 28th. They set a “buy” rating on the stock. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy”.

Talanx Company Profile

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.