LEG Immobilien AG (OTCMKTS:LEGIF) Sees Significant Decline in Short Interest
by Jessica Moore · The Cerbat GemLEG Immobilien AG (OTCMKTS:LEGIF – Get Free Report) saw a large drop in short interest in the month of June. As of June 15th, there was short interest totaling 12,417 shares, a drop of 90.5% from the May 31st total of 130,416 shares. Based on an average daily volume of 1,135 shares, the days-to-cover ratio is presently 10.9 days. Currently, 0.0% of the shares of the company are sold short.
LEG Immobilien Stock Performance
Shares of OTCMKTS:LEGIF remained flat at $60.15 during mid-day trading on Thursday. The company had a trading volume of 8 shares, compared to its average volume of 614. The stock’s 50 day simple moving average is $66.24 and its 200 day simple moving average is $69.38. The company has a market capitalization of $4.55 billion, a price-to-earnings ratio of 3.38 and a beta of 0.94. LEG Immobilien has a 52 week low of $58.68 and a 52 week high of $85.41.
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.