TAG Immobilien AG (OTCMKTS:TAGOF) Short Interest Down 32.3% in January

TAG Immobilien AG (OTCMKTS:TAGOF) was the target of a large decline in short interest in the month of January. As of January 15th, there was short interest totaling 139,285 shares, a decline of 32.3% from the December 31st total of 205,790 shares. Based on an average trading volume of 4 shares, the short-interest ratio is presently 34,821.3 days. Based on an average trading volume of 4 shares, the short-interest ratio is presently 34,821.3 days.

Wall Street Analyst Weigh In

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

TAG Immobilien Trading Down 2.4%

OTCMKTS:TAGOF opened at $16.55 on Friday. The business’s fifty day moving average is $16.96 and its 200 day moving average is $17.08. TAG Immobilien has a 52-week low of $13.30 and a 52-week high of $18.42.

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.