Scout24 SE (OTCMKTS:SCOTF) Short Interest Update

Scout24 SE (OTCMKTS:SCOTF) was the recipient of a large drop in short interest during the month of August. As of August 14th, there was short interest totaling 93,113 shares, a drop of 34.6% from the July 30th total of 142,306 shares. Based on an average daily trading volume, of 4 shares, the days-to-cover ratio is presently 23,278.2 days.

Scout24 Stock Performance

OTCMKTS SCOTF opened at $85.00 on Tuesday. Scout24 has a 12 month low of $81.30 and a 12 month high of $85.00. The company’s 50 day moving average is $84.22 and its two-hundred day moving average is $95.40.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on SCOTF. The Goldman Sachs Group assumed coverage on shares of Scout24 in a report on Thursday, June 4th. They issued a “buy” rating on the stock. Citigroup reiterated a “buy” rating on shares of Scout24 in a research note on Wednesday, May 27th. Six equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy”.

About Scout24

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.