Short Interest in Scout24 SE (OTCMKTS:SCOTF) Expands By 75.9%

Scout24 SE (OTCMKTS:SCOTF) saw a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 142,306 shares, a growth of 75.9% from the July 15th total of 80,890 shares. Based on an average daily volume of 7,916 shares, the short-interest ratio is presently 18.0 days.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. The Goldman Sachs Group assumed coverage on Scout24 in a research report on Thursday, June 4th. They issued a “buy” rating for the company. Citigroup reaffirmed a “buy” rating on shares of Scout24 in a research note on Wednesday, May 27th. Six investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, Scout24 presently has an average rating of “Buy”.

Scout24 Stock Performance

SCOTF opened at $85.00 on Tuesday. The stock has a fifty day moving average of $84.22 and a 200-day moving average of $97.54. Scout24 has a 12-month low of $81.30 and a 12-month high of $85.00.

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.