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

Talanx AG (OTCMKTS:TLLXY) was the recipient of 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 trading volume, of 251 shares, the days-to-cover ratio is presently 2.9 days.

Talanx Stock Performance

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

Analysts Set New Price Targets

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

About Talanx

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.