Scout24 SE (OTCMKTS:SCOTF) Short Interest Update

Scout24 SE (OTCMKTS:SCOTF) saw a large drop in short interest during the month of January. As of January 30th, there was short interest totaling 13,911 shares, a drop of 14.9% from the January 15th total of 16,352 shares. Based on an average trading volume of 472 shares, the short-interest ratio is currently 29.5 days. Based on an average trading volume of 472 shares, the short-interest ratio is currently 29.5 days.

Analyst Ratings Changes

SCOTF has been the subject of a number of analyst reports. Citigroup reissued a “buy” rating on shares of Scout24 in a report on Monday, November 3rd. Jefferies Financial Group upgraded Scout24 to a “buy” rating in a research report on Tuesday, January 6th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Scout24 in a research note on Monday, November 3rd. UBS Group raised Scout24 to a “buy” rating in a research report on Monday, February 9th. Finally, Morgan Stanley upgraded Scout24 from an “equal weight” rating to an “overweight” rating in a research note on Friday, January 9th. Five equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

Scout24 Price Performance

Shares of OTCMKTS SCOTF opened at $115.36 on Monday. The business has a 50-day moving average of $115.36 and a two-hundred day moving average of $120.37. Scout24 has a 1 year low of $115.36 and a 1 year high of $141.53.

Scout24 announced that its board has approved a share buyback program on Wednesday, December 3rd that permits the company to buyback 0 outstanding shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its shares are undervalued.

Scout24 Company Profile

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.