LEG Immobilien AG (OTCMKTS:LEGIF) Stock Short Interest Jumps 1,416.2%

LEG Immobilien AG (OTCMKTS:LEGIF) was the target of a significant increase in short interest in October. As of October 15th, there was short interest totaling 49,717 shares, an increase of 1,416.2% from the September 30th total of 3,279 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average trading volume of 145 shares, the short-interest ratio is presently 342.9 days.

LEG Immobilien Stock Performance

Shares of LEGIF stock opened at $60.15 on Tuesday. The firm has a fifty day moving average price of $60.14 and a 200 day moving average price of $65.14. The company has a market cap of $4.55 billion, a P/E ratio of 3.41 and a beta of 0.94. LEG Immobilien has a 12 month low of $58.68 and a 12 month high of $85.41.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Jefferies Financial Group reiterated a “buy” rating on shares of LEG Immobilien in a report on Wednesday, October 14th. Morgan Stanley lowered LEG Immobilien from an “equal weight” rating to an “underweight” rating in a research report on Tuesday, October 20th. Two investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold”.

About LEG Immobilien

LEG Immobilien SE is a Germany-based residential real estate company focused primarily on owning, managing and developing rental housing. The company provides homes to private tenants and generates additional services related to property management, maintenance, modernization and the operation of residential communities.

LEG’s portfolio is concentrated in North Rhine-Westphalia, one of Germany’s largest and most densely populated states. Its activities include managing existing apartment buildings, improving the energy efficiency and quality of its properties, and providing tenant-oriented services.