LEG Immobilien AG (OTCMKTS:LEGIF) Sees Significant Increase in Short Interest

LEG Immobilien AG (OTCMKTS:LEGIF) was the recipient of a large growth in short interest in the month of October. As of October 15th, there was short interest totaling 49,717 shares, a growth of 1,416.2% from the September 30th total of 3,279 shares. Based on an average daily trading volume, of 145 shares, the short-interest ratio is currently 342.9 days. Approximately 0.1% of the company’s stock are short sold.

LEG Immobilien Stock Performance

Shares of OTCMKTS:LEGIF remained flat at $60.15 during midday trading on Wednesday. 1 shares of the company were exchanged. The company’s 50 day simple moving average is $60.14 and its two-hundred day simple moving average is $65.08. LEG Immobilien has a fifty-two week low of $58.68 and a fifty-two week high of $85.41.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Morgan Stanley cut shares of LEG Immobilien from an “equal weight” rating to an “underweight” rating in a research report on Tuesday, October 20th. Jefferies Financial Group reaffirmed a “buy” rating on shares of LEG Immobilien in a research report on Wednesday, October 14th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, LEG Immobilien currently has a consensus rating of “Hold”.

About LEG Immobilien

LEG Immobilien SE is a Germany-based residential real estate company focused primarily on owning, managing and developing rental housing. The company provides homes to private tenants and generates additional services related to property management, maintenance, modernization and the operation of residential communities.

LEG’s portfolio is concentrated in North Rhine-Westphalia, one of Germany’s largest and most densely populated states. Its activities include managing existing apartment buildings, improving the energy efficiency and quality of its properties, and providing tenant-oriented services.