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

Scout24 SE (OTCMKTS:SCOTF) saw a significant decrease in short interest during the month of February. As of February 27th, there was short interest totaling 11,572 shares, a decrease 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 presently 102.4 days. Based on an average daily volume of 113 shares, the days-to-cover ratio is presently 102.4 days.

Scout24 Stock Performance

SCOTF stock opened at $115.36 on Thursday. Scout24 has a 52 week low of $115.36 and a 52 week high of $141.53. The firm’s 50-day moving average is $115.36 and its two-hundred day moving average is $119.85.

Scout24 declared that its board 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 repurchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on SCOTF. UBS Group raised Scout24 to a “buy” rating in a report on Monday, February 9th. Morgan Stanley upgraded Scout24 from an “equal weight” rating to an “overweight” rating in a research note on Friday, January 9th. Finally, Jefferies Financial Group raised Scout24 to a “buy” rating in a research report on Tuesday, January 6th. Five equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate 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.