Talanx AG (OTCMKTS:TLLXY) Sees Significant Growth in Short Interest

Talanx AG (OTCMKTS:TLLXY) was the target of a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 731 shares, an increase of 8,022.2% from the September 30th total of 9 shares. Based on an average trading volume of 251 shares, the days-to-cover ratio is currently 2.9 days.

Talanx Price Performance

TLLXY stock opened at $68.38 on Wednesday. Talanx has a 12 month low of $57.17 and a 12 month high of $75.00. The firm’s 50-day moving average is $70.62 and its 200 day moving average is $64.07.

Wall Street Analyst Weigh In

TLLXY has been the topic of several analyst reports. The Goldman Sachs Group initiated coverage on shares of Talanx in a report on Tuesday, July 28th. They set a “buy” rating on the stock. BNP Paribas Exane lowered shares of Talanx to a “neutral” rating in a research report on Monday, September 7th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, Talanx has an average 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.