Short Interest in TAG Immobilien AG (OTCMKTS:TAGOF) Drops By 48.7%

TAG Immobilien AG (OTCMKTS:TAGOF) saw a significant drop in short interest in the month of September. As of September 15th, there was short interest totaling 168,700 shares, a drop of 48.7% from the August 31st total of 328,700 shares. Based on an average daily trading volume, of 100 shares, the days-to-cover ratio is currently 1,687.0 days. Based on an average daily trading volume, of 100 shares, the days-to-cover ratio is currently 1,687.0 days.

TAG Immobilien Price Performance

Shares of TAGOF opened at $16.41 on Friday. The company’s 50 day moving average price is $17.38 and its 200 day moving average price is $15.76. TAG Immobilien has a 52 week low of $13.30 and a 52 week high of $18.42.

Analysts Set New Price Targets

Several equities research analysts recently commented on TAGOF shares. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of TAG Immobilien in a research report on Friday, August 29th. Jefferies Financial Group restated a “buy” rating on shares of TAG Immobilien in a report on Sunday, September 7th. Finally, BNP Paribas raised TAG Immobilien from a “neutral” rating to an “outperform” rating in a research report on Wednesday, September 10th. Three analysts have rated the stock with a Buy rating, According to MarketBeat.com, TAG Immobilien presently has an average rating of “Buy”.

About TAG Immobilien

TAG Immobilien AG, a real estate company, acquires, develops, and manages residential real estate properties in Germany. It also rents commercial real estate properties, as well as operates serviced apartments. The company was formerly known as TAG Tegernsee Immobilien-und Beteiligungs-Aktiengesellschaft and changed its name to TAG Immobilien AG in September 2008.