Scout24 SE (OTCMKTS:SCOTF) Short Interest Down 27.3% in March

Scout24 SE (OTCMKTS:SCOTF) was the target of a large decline in short interest in the month of March. As of March 13th, there was short interest totaling 8,413 shares, a decline of 27.3% from the February 26th total of 11,572 shares. Based on an average daily trading volume, of 1 shares, the short-interest ratio is currently 8,413.0 days.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Morgan Stanley upgraded shares of Scout24 from an “equal weight” rating to an “overweight” rating in a research note on Friday, January 9th. UBS Group raised Scout24 to a “buy” rating in a report on Monday, February 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.com, the stock presently has an average rating of “Buy”.

Scout24 Stock Performance

Shares of SCOTF opened at $115.36 on Friday. The firm has a 50-day moving average price of $115.36 and a 200 day moving average price of $118.30. Scout24 has a 52-week low of $115.36 and a 52-week high of $141.53.

Scout24 announced that its Board of Directors has authorized a share repurchase program on Wednesday, December 3rd that authorizes the company to repurchase 0 shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its stock is 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.