Scout24 SE (OTCMKTS:SCOTF) Short Interest Down 45.1% in February

Scout24 SE (OTCMKTS:SCOTF) was the target of a large drop in short interest in February. As of February 27th, there was short interest totaling 11,572 shares, a drop of 45.1% from the February 12th total of 21,079 shares. Based on an average daily volume of 113 shares, the days-to-cover ratio is currently 102.4 days. Based on an average daily volume of 113 shares, the days-to-cover ratio is currently 102.4 days.

Analysts Set New Price Targets

A number of brokerages recently commented on SCOTF. Jefferies Financial Group upgraded shares of Scout24 to a “buy” rating in a research note on Tuesday, January 6th. Morgan Stanley upgraded Scout24 from an “equal weight” rating to an “overweight” rating in a research note on Friday, January 9th. Finally, UBS Group raised Scout24 to a “buy” rating in a research report on Monday, February 9th. Five analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, Scout24 presently has a consensus rating of “Moderate Buy”.

Scout24 Stock Performance

SCOTF stock remained flat at $115.36 during midday trading on Friday. 6 shares of the company’s stock were exchanged, compared to its average volume of 200. Scout24 has a 12 month low of $115.36 and a 12 month high of $141.53. The company’s fifty day moving average price is $115.36 and its 200-day moving average price is $119.82.

Scout24 declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, December 3rd that authorizes the company to repurchase 0 shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s management believes its stock is undervalued.

Scout24 Company Profile

Scout24 AG is a Germany-based operator of digital marketplaces specializing in real estate and automotive sectors. Headquartered in Munich, the company’s flagship platforms include ImmobilienScout24, a leading online property portal in Germany and Austria, and AutoScout24, one of Europe’s largest online marketplaces for new and used vehicles. These platforms connect private individuals, brokers and dealers with prospective buyers through searchable listings, digital marketing tools and ancillary services such as valuation modules and financing calculators.

Founded in 1998 as ImmobilienScout GmbH and rebranded to Scout24 AG in 2004, the company has expanded its footprint to serve multiple European markets.