Scout24 SE (OTCMKTS:SCOTF) Short Interest Update

Scout24 SE (OTCMKTS:SCOTF) was the recipient of a significant growth in short interest in the month of March. As of March 31st, there was short interest totaling 43,189 shares, a growth of 413.4% from the March 15th total of 8,413 shares. Based on an average daily volume of 17 shares, the short-interest ratio is presently 2,540.5 days.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. UBS Group upgraded Scout24 to a “buy” rating in a research report on Monday, February 9th. Morgan Stanley upgraded Scout24 from an “equal weight” rating to an “overweight” rating in a research report on Friday, January 9th. Finally, Jefferies Financial Group upgraded 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, According to data from MarketBeat, Scout24 currently has an average rating of “Buy”.

Scout24 Stock Performance

Shares of OTCMKTS:SCOTF opened at $115.36 on Monday. Scout24 has a one year low of $115.36 and a one year high of $141.53. The stock has a fifty day moving average of $115.36 and a 200-day moving average of $117.47.

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.