Scout24 SE (OTCMKTS:SCOTF) Sees Significant Increase in Short Interest

Scout24 SE (OTCMKTS:SCOTF) was the target of a large 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 volume of 3,614 shares, the short-interest ratio is presently 5.8 days. Based on an average daily volume of 3,614 shares, the short-interest ratio is presently 5.8 days.

Analyst Ratings Changes

Several research analysts have weighed in on SCOTF shares. Royal Bank Of Canada reiterated an “outperform” rating on shares of Scout24 in a research report on Monday, November 3rd. Morgan Stanley raised shares of Scout24 from an “equal weight” rating to an “overweight” rating in a report on Friday, January 9th. Jefferies Financial Group raised shares of Scout24 to a “buy” rating in a report on Tuesday, January 6th. Citigroup reissued a “buy” rating on shares of Scout24 in a research report on Monday, November 3rd. Finally, UBS Group raised Scout24 to a “buy” rating in a report on Monday, February 9th. Five investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy”.

Scout24 Stock Performance

Shares of SCOTF opened at $115.36 on Monday. The firm has a 50 day simple moving average of $115.36 and a two-hundred day simple moving average of $121.17. Scout24 has a one year low of $115.36 and a one year high of $141.53.

Scout24 declared that its board has approved a share repurchase program on Wednesday, December 3rd that allows the company to buyback 0 shares. This buyback authorization allows the company to buy shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s board 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.