Talanx AG (OTCMKTS:TLLXY) Sees Large Decline in Short Interest

Talanx AG (OTCMKTS:TLLXY) saw a significant decline in short interest during the month of October. As of October 30th, there was short interest totaling 34 shares, a decline of 95.3% from the October 15th total of 731 shares. Based on an average daily volume of 99 shares, the short-interest ratio is presently 0.3 days.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on TLLXY. BNP Paribas Exane lowered shares of Talanx to a “neutral” rating in a report on Monday, September 7th. The Goldman Sachs Group started coverage on shares of Talanx in a research report on Tuesday, July 28th. They set a “buy” rating on the stock. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, Talanx has a consensus rating of “Moderate Buy”.

Talanx Price Performance

OTCMKTS TLLXY remained flat at $72.17 on Tuesday. The company had a trading volume of 192 shares, compared to its average volume of 766. Talanx has a 1-year low of $57.17 and a 1-year high of $75.00. The business has a fifty day moving average price of $71.05 and a 200 day moving average price of $64.53.

Talanx Company Profile

Talanx AG is a Germany-based insurance group headquartered in Hannover. Its roots trace to 1903, when the liability insurance association for German industry that later became HDI was established. Talanx operates internationally through a portfolio of insurance and financial-services businesses. The group provides property and casualty, life and health insurance, reinsurance, and asset-management services. Its activities serve individual customers as well as industrial and commercial clients, with businesses including HDI and Hannover Re.