LEG Immobilien AG (OTCMKTS:LEGIF) Short Interest Down 65.6% in August

LEG Immobilien AG (OTCMKTS:LEGIF) was the target of a significant drop in short interest during the month of August. As of August 14th, there was short interest totaling 719 shares, a drop of 65.6% from the July 30th total of 2,089 shares. Based on an average daily volume of 138 shares, the short-interest ratio is presently 5.2 days. Currently, 0.0% of the company’s stock are sold short.

LEG Immobilien Stock Performance

LEG Immobilien stock remained flat at $60.15 during mid-day trading on Friday. LEG Immobilien has a 1-year low of $58.68 and a 1-year high of $85.41. The stock has a fifty day simple moving average of $60.12 and a two-hundred day simple moving average of $65.62. The stock has a market capitalization of $4.55 billion, a P/E ratio of 3.41 and a beta of 0.93.

LEG Immobilien Company Profile

LEG Immobilien AG is one of Germany’s leading residential real estate companies, specializing in the development, acquisition and management of residential and commercial properties. Headquartered in Düsseldorf, the company focuses on providing affordable and sustainable living spaces to a diverse tenant base. Its core business includes the rental and technical management of housing units as well as value-enhancing modernization and maintenance services.

The company’s portfolio comprises approximately 130,000 residential units and several thousand commercial spaces, primarily located in North Rhine-Westphalia and adjacent German states.