Scout24 SE (OTCMKTS:SCOTF) Short Interest Update

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

Analyst Ratings Changes

A number of analysts have issued reports on the stock. The Goldman Sachs Group began coverage on shares of Scout24 in a report on Thursday, June 4th. They issued a “buy” rating for the company. Citigroup reaffirmed a “buy” rating on shares of Scout24 in a research report on Wednesday, May 27th. Six investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy”.

Scout24 Price Performance

OTCMKTS SCOTF opened at $85.00 on Thursday. The firm’s fifty day moving average price is $84.22 and its two-hundred day moving average price is $94.98. Scout24 has a fifty-two week low of $81.30 and a fifty-two week high of $85.00.

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.