Scout24 SE (OTCMKTS:SCOTF) Short Interest Down 45.1% in February

Scout24 SE (OTCMKTS:SCOTF) was the recipient of a large drop in short interest in February. As of February 27th, there was short interest totaling 11,572 shares, a drop of 45.1% from the February 12th total of 21,079 shares. Based on an average daily volume of 113 shares, the days-to-cover ratio is currently 102.4 days. Based on an average daily volume of 113 shares, the days-to-cover ratio is currently 102.4 days.

Analyst Ratings Changes

A number of analysts have recently commented on SCOTF shares. Jefferies Financial Group raised Scout24 to a “buy” rating in a research note on Tuesday, January 6th. Morgan Stanley raised Scout24 from an “equal weight” rating to an “overweight” rating in a research note on Friday, January 9th. Finally, UBS Group raised Scout24 to a “buy” rating in a report on Monday, February 9th. Five research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

Scout24 Price Performance

Shares of Scout24 stock opened at $115.36 on Thursday. Scout24 has a 12 month low of $115.36 and a 12 month high of $141.53. The business has a fifty day simple moving average of $115.36 and a 200-day simple moving average of $119.85.

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

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.