Scout24 SE (OTCMKTS:SCOTF) Sees Large Growth in Short Interest

Scout24 SE (OTCMKTS:SCOTF) was the recipient of a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 157,715 shares, an increase of 69.4% from the August 15th total of 93,113 shares. Based on an average daily trading volume, of 909 shares, the days-to-cover ratio is currently 173.5 days.

Scout24 Price Performance

Shares of SCOTF stock opened at $85.00 on Friday. The stock’s 50-day moving average is $84.22 and its 200 day moving average is $92.62. Scout24 has a 1-year low of $81.30 and a 1-year high of $85.00.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on SCOTF shares. Citigroup reissued a “buy” rating on shares of Scout24 in a research note on Wednesday, May 27th. The Goldman Sachs Group initiated coverage on Scout24 in a research note on Thursday, June 4th. They issued a “buy” rating on the stock. Six equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has an average 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.