Scout24 AG (OTCMKTS:SCOTF) Short Interest Update

Scout24 AG (OTCMKTS:SCOTFGet Rating) was the recipient of a large drop in short interest during the month of March. As of March 31st, there was short interest totalling 266,800 shares, a drop of 21.8% from the March 15th total of 341,000 shares. Based on an average daily volume of 0 shares, the days-to-cover ratio is presently ∞ days.

Several analysts recently weighed in on SCOTF shares. The Goldman Sachs Group started coverage on shares of Scout24 in a research report on Thursday, January 20th. They issued a “neutral” rating on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Scout24 from €67.00 ($72.83) to €68.00 ($73.91) and gave the company an “overweight” rating in a research report on Wednesday, March 2nd. Finally, Jefferies Financial Group started coverage on shares of Scout24 in a research report on Wednesday, February 2nd. They issued a “buy” rating on the stock. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $70.50.

SCOTF stock opened at $62.64 on Monday. Scout24 has a 52 week low of $60.14 and a 52 week high of $72.90. The firm’s 50-day moving average is $62.64 and its two-hundred day moving average is $67.98.

Scout24 Company Profile (Get Rating)

Scout24 AG operates ImmoScout24, a digital platform for the residential and commercial real estate sectors in Germany and internationally. It operates its portal for commercial and private customers for the sale and rental of real estate properties; and for support services, such as customer acquisition and customer relationship management, and care for business real estate professionals.

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