LEG Immobilien AG (OTCMKTS:LEGIF) Sees Large Growth in Short Interest

LEG Immobilien AG (OTCMKTS:LEGIF) saw a significant 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. Currently, 0.1% of the shares of the stock are short sold. Based on an average trading volume of 145 shares, the short-interest ratio is currently 342.9 days.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Jefferies Financial Group reiterated a “buy” rating on shares of LEG Immobilien in a research report on Wednesday, October 14th. Morgan Stanley lowered LEG Immobilien from an “equal weight” rating to an “underweight” rating in a report on Tuesday, October 20th. Two research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold”.

LEG Immobilien Price Performance

Shares of LEGIF stock remained flat at $60.15 during trading on Monday. LEG Immobilien has a 12 month low of $58.68 and a 12 month high of $85.41. The stock has a market cap of $4.55 billion, a PE ratio of 3.17 and a beta of 0.94. The company has a 50-day moving average price of $60.14 and a 200-day moving average price of $65.14.

LEG Immobilien Company Profile

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.