Short Interest in Scout24 SE (OTCMKTS:SCOTF) Grows By 51.5%

Scout24 SE (OTCMKTS:SCOTF) was the recipient of a significant increase in short interest during the month of February. As of February 13th, there was short interest totaling 21,079 shares, an increase of 51.5% from the January 29th total of 13,911 shares. Based on an average daily trading volume, of 3,614 shares, the days-to-cover ratio is currently 5.8 days. Based on an average daily trading volume, of 3,614 shares, the days-to-cover ratio is currently 5.8 days.

Scout24 Stock Performance

Shares of SCOTF stock opened at $115.36 on Friday. Scout24 has a one year low of $115.36 and a one year high of $141.53. The company’s fifty day moving average price is $115.36 and its 200-day moving average price is $121.31.

Scout24 announced that its Board of Directors has initiated a share buyback program on Wednesday, December 3rd that allows the company to repurchase 0 shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board believes its stock is undervalued.

Analysts Set New Price Targets

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

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.