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

Key Points

• Short interest in LEG Immobilien AG saw a significant increase of 70.8% in August, reaching a total of 67,300 shares by August 31st.
• The company reported a miss on earnings estimates for the last quarter, with $1.39 EPS against a consensus estimate of $2.06, despite significant revenue exceeding expectations.
• Analysts at BNP Paribas downgraded LEG Immobilien from "neutral" to "underperform", contributing to a consensus rating of "Reduce" for the stock.

LEG Immobilien AG (OTCMKTS:LEGIF - Get Free Report) was the target of a significant growth in short interest during the month of August. As of August 31st, there was short interest totaling 67,300 shares, a growth of 70.8% from the August 15th total of 39,400 shares. Based on an average trading volume of 100 shares, the days-to-cover ratio is presently 673.0 days. Currently, 0.1% of the company's stock are sold short. Currently, 0.1% of the company's stock are sold short. Based on an average trading volume of 100 shares, the days-to-cover ratio is presently 673.0 days.

LEG Immobilien Stock Performance

Shares of LEGIF traded down $0.29 during trading hours on Friday, hitting $78.04. 503 shares of the company were exchanged, compared to its average volume of 80. The company has a market cap of $5.78 billion, a PE ratio of 10.21 and a beta of 0.82. The firm's 50 day moving average is $84.32 and its 200-day moving average is $81.31. LEG Immobilien has a 52 week low of $70.74 and a 52 week high of $96.30.

LEG Immobilien (OTCMKTS:LEGIF - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported $1.39 earnings per share for the quarter, missing the consensus estimate of $2.06 by ($0.67). LEG Immobilien had a return on equity of 7.36% and a net margin of 50.86%.The business had revenue of $268.94 million for the quarter, compared to analyst estimates of $230.02 million.

Wall Street Analysts Forecast Growth

Separately, BNP Paribas downgraded LEG Immobilien from a "neutral" rating to an "underperform" rating in a research note on Wednesday, September 10th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Reduce".

LEG Immobilien Company Profile

LEG Immobilien SE, together with its subsidiaries, operates as an integrated property company in Germany. The company engages in the performance of services and management of equity investments; property management and location development; performance of services for third parties and housing industry services; and generation of electricity and heat activities.