TAG Immobilien AG (OTCMKTS:TAGOF) Sees Large Increase in Short Interest

TAG Immobilien AG (OTCMKTS:TAGOF) was the target of a large increase in short interest during the month of June. As of June 15th, there was short interest totaling 336,244 shares, an increase of 82.5% from the May 31st total of 184,211 shares. Based on an average daily trading volume, of 0 shares, the short-interest ratio is currently ∞ days.

TAG Immobilien Price Performance

Shares of TAGOF stock opened at $15.66 on Thursday. TAG Immobilien has a fifty-two week low of $14.73 and a fifty-two week high of $19.50. The firm’s 50 day moving average price is $17.83 and its two-hundred day moving average price is $17.28.

Analyst Upgrades and Downgrades

TAGOF has been the topic of several research reports. BNP Paribas Exane initiated coverage on TAG Immobilien in a research report on Wednesday. They issued an “outperform” rating on the stock. Barclays raised TAG Immobilien from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, April 21st. Four investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, TAG Immobilien has an average rating of “Buy”.

TAG Immobilien Company Profile

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.