Scout24 SE (OTCMKTS:SCOTF) Sees Large Decline in Short Interest

Scout24 SE (OTCMKTS:SCOTF) was the recipient of a large drop in short interest during the month of April. As of April 30th, there was short interest totaling 21,375 shares, a drop of 74.7% from the April 15th total of 84,365 shares. Based on an average daily volume of 1,110 shares, the days-to-cover ratio is presently 19.3 days.

Wall Street Analyst Weigh In

Separately, UBS Group upgraded shares of Scout24 to a “buy” rating in a research report on Monday, February 9th. Five research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy”.

Scout24 Price Performance

Shares of OTCMKTS:SCOTF remained flat at $83.09 during midday trading on Wednesday. Scout24 has a 12-month low of $81.30 and a 12-month high of $83.09. The business has a 50-day simple moving average of $107.51 and a two-hundred day simple moving average of $113.17.

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.