Scout24 SE (OTCMKTS:SCOTF) Short Interest Update

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

Wall Street Analysts Forecast Growth

A number of research firms have commented on SCOTF. Citigroup reaffirmed a “buy” rating on shares of Scout24 in a research report on Monday, November 3rd. UBS Group raised shares of Scout24 to a “buy” rating in a report on Monday, February 9th. Royal Bank Of Canada reissued an “outperform” rating on shares of Scout24 in a report on Monday, November 3rd. Morgan Stanley upgraded Scout24 from an “equal weight” rating to an “overweight” rating in a report on Friday, January 9th. Finally, Jefferies Financial Group upgraded Scout24 to a “buy” rating in a research note 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 data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

Scout24 Price Performance

Shares of OTCMKTS:SCOTF opened at $115.36 on Wednesday. Scout24 has a 1 year low of $115.36 and a 1 year high of $141.53. The business’s 50 day simple moving average is $115.36 and its 200 day simple moving average is $120.91.

Scout24 declared that its Board of Directors has approved a share repurchase plan on Wednesday, December 3rd that permits the company to buyback 0 shares. This buyback authorization permits the company to repurchase shares of its stock through open market purchases. Shares buyback plans are typically an indication that the company’s management 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.