Short Interest in TAG Immobilien AG (OTCMKTS:TAGOF) Drops By 26.9%

TAG Immobilien AG (OTCMKTS:TAGOF) was the recipient of a significant drop in short interest in February. As of February 27th, there was short interest totaling 91,074 shares, a drop of 26.9% from the February 12th total of 124,546 shares. Based on an average daily volume of 78 shares, the short-interest ratio is presently 1,167.6 days. Based on an average daily volume of 78 shares, the short-interest ratio is presently 1,167.6 days.

TAG Immobilien Price Performance

TAG Immobilien stock opened at $19.50 on Monday. TAG Immobilien has a 52-week low of $13.30 and a 52-week high of $19.50. The firm’s fifty day moving average is $17.60 and its 200 day moving average is $17.37.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of TAG Immobilien in a research report on Monday, December 1st. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, TAG Immobilien presently has a consensus rating of “Buy”.

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.