Short Interest in Talanx AG (OTCMKTS:TLLXY) Grows By 1,693.0%

Talanx AG (OTCMKTS:TLLXY) saw a large growth in short interest during the month of August. As of August 31st, there was short interest totaling 1,022 shares, a growth of 1,693.0% from the August 15th total of 57 shares. Based on an average daily trading volume, of 297 shares, the days-to-cover ratio is presently 3.4 days.

Talanx Stock Performance

OTCMKTS:TLLXY opened at $72.22 on Friday. The firm’s fifty day simple moving average is $66.95 and its 200 day simple moving average is $62.60. Talanx has a twelve month low of $57.17 and a twelve month high of $75.00.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. The Goldman Sachs Group began coverage on shares of Talanx in a report on Tuesday, July 28th. They issued a “buy” rating on the stock. BNP Paribas Exane cut Talanx to a “neutral” rating in a research note on Monday. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy”.

Talanx Company Profile

Talanx AG is a Germany?based insurance group headquartered in Hannover that provides a broad range of risk?management products and services. The company operates through multiple segments, offering property & casualty coverage, life and health insurance solutions, as well as reinsurance capacity. Its flagship brands include HDI in the commercial and private insurance markets, Wüstenrot in savings and building?financing products, and a significant stake in Hannover Re, one of the world’s leading reinsurance companies.

The Group’s property & casualty segment addresses the needs of corporate and retail clients in areas such as liability, engineering, marine and aviation risks.