Talanx AG (OTCMKTS:TLLXY) Shares Shorted: Short Interest Up 8,022.2% in October

Talanx AG (OTCMKTS:TLLXY) saw a large growth in short interest in the month of October. As of October 15th, there was short interest totaling 731 shares, a growth of 8,022.2% from the September 30th total of 9 shares. Based on an average daily volume of 251 shares, the days-to-cover ratio is currently 2.9 days.

Talanx Price Performance

Shares of Talanx stock remained flat at $68.38 during trading hours on Monday. 12 shares of the stock were exchanged, compared to its average volume of 872. The business’s 50 day simple moving average is $70.63 and its 200 day simple moving average is $64.78. Talanx has a 12-month low of $57.17 and a 12-month high of $75.00.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. The Goldman Sachs Group initiated coverage on shares of Talanx in a report on Tuesday, July 28th. They set a “buy” rating for the company. BNP Paribas Exane downgraded Talanx to a “neutral” rating in a report on Monday, September 7th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Talanx Company Profile

Talanx AG is a Germany-based insurance group and the parent company of the HDI Group. Through its operating businesses, Talanx provides insurance and risk-management solutions for individuals, businesses, and institutional clients.

The company’s activities include industrial insurance, retail and commercial insurance, specialty insurance, and reinsurance. Its products and services cover areas such as property and casualty, life, health, specialty, and corporate insurance, as well as reinsurance for other insurance companies.

Founded in 1903, Talanx serves customers in Germany and international markets across Europe, North and Latin America, and selected markets in Asia and other regions.