Short Interest in TAG Immobilien AG (OTCMKTS:TAGOF) Decreases By 32.8%

TAG Immobilien AG (OTCMKTS:TAGOF) was the target of a significant drop in short interest in the month of January. As of January 30th, there was short interest totaling 93,549 shares, a drop of 32.8% from the January 15th total of 139,285 shares. Based on an average daily volume of 238 shares, the days-to-cover ratio is presently 393.1 days. Based on an average daily volume of 238 shares, the days-to-cover ratio is presently 393.1 days.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of TAG Immobilien in a research report on Monday, December 1st. Three equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, TAG Immobilien has an average rating of “Buy”.

TAG Immobilien Price Performance

Shares of OTCMKTS TAGOF opened at $16.88 on Friday. The business has a 50 day simple moving average of $16.91 and a 200 day simple moving average of $17.11. TAG Immobilien has a 52 week low of $13.30 and a 52 week high of $18.42.

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.