Short Interest in Talanx AG (OTCMKTS:TNXXF) Decreases By 73.5%

Talanx AG (OTCMKTS:TNXXF) saw a large drop in short interest in June. As of June 30th, there was short interest totaling 47,004 shares, a drop of 73.5% from the June 15th total of 177,202 shares. Based on an average daily volume of 0 shares, the short-interest ratio is currently ? days.

Talanx Stock Performance

OTCMKTS TNXXF remained flat at C$116.87 on Friday. The stock has a 50 day moving average price of C$124.11 and a 200 day moving average price of C$128.59. Talanx has a 1-year low of C$114.70 and a 1-year high of C$140.55.

Analysts Set New Price Targets

Separately, BNP Paribas Exane upgraded Talanx to an “outperform” rating in a research note on Wednesday, June 17th. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, Talanx currently has an average rating of “Buy”.

Talanx Company Profile

Talanx AG is a Germany?based insurance group headquartered in Hanover, operating as one of the country’s largest property and casualty insurers. Through its principal underwriting arm, HDI, the company provides a broad range of commercial and industrial risk solutions, including marine, aviation and engineering insurance. Talanx also offers specialty lines such as credit and surety, environmental liability, and cyber coverage, positioning itself as a versatile partner for multinational corporations and niche markets alike.

In addition to its property and casualty operations, Talanx maintains a significant presence in life and health insurance.