Scout24 SE (OTCMKTS:SCOTF) Short Interest Up 95.3% in April

Scout24 SE (OTCMKTS:SCOTF) was the target of a large growth in short interest in April. As of April 15th, there was short interest totaling 84,365 shares, a growth of 95.3% from the March 31st total of 43,189 shares. Based on an average daily trading volume, of 169 shares, the short-interest ratio is currently 499.2 days.

Scout24 Price Performance

Shares of SCOTF opened at $81.30 on Monday. The company has a 50 day moving average price of $114.00 and a 200-day moving average price of $116.23. Scout24 has a fifty-two week low of $81.30 and a fifty-two week high of $141.53.

Wall Street Analysts Forecast Growth

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