Short Interest in Scout24 SE (OTCMKTS:SCOTF) Drops By 34.6%

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

Wall Street Analysts Forecast Growth

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

Scout24 Price Performance

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 has a 50 day moving average of $84.22 and a 200 day moving average of $95.40.

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.