Scout24 SE (OTCMKTS:SCOTF) Short Interest Up 75.9% in July

Scout24 SE (OTCMKTS:SCOTF) saw a large 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 trading volume, of 7,916 shares, the short-interest ratio is presently 18.0 days.

Scout24 Price Performance

Shares of OTCMKTS:SCOTF remained flat at $85.00 during mid-day trading on Monday. The company’s 50 day moving average price is $84.22 and its 200 day moving average price is $97.76. Scout24 has a 1 year low of $81.30 and a 1 year high of $85.00.

Analyst Ratings Changes

Several brokerages recently weighed in on SCOTF. The Goldman Sachs Group started coverage on Scout24 in a research report on Thursday, June 4th. They issued a “buy” rating on the stock. Citigroup restated a “buy” rating on shares of Scout24 in a report on Wednesday, May 27th. Six equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy”.

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.