Scout24 SE (OTCMKTS:SCOTF) Short Interest Up 69.4% in August

Scout24 SE (OTCMKTS:SCOTF) was the target of a large increase in short interest during the month of August. As of August 31st, there was short interest totaling 157,715 shares, an increase of 69.4% from the August 15th total of 93,113 shares. Based on an average daily volume of 909 shares, the short-interest ratio is presently 173.5 days.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. The Goldman Sachs Group initiated coverage on Scout24 in a report on Thursday, June 4th. They issued a “buy” rating for the company. Citigroup reissued 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, Based on data from MarketBeat, the stock presently has an average rating of “Buy”.

Scout24 Price Performance

SCOTF stock opened at $85.00 on Friday. Scout24 has a one year low of $81.30 and a one year high of $85.00. The firm’s 50 day moving average price is $84.22 and its 200-day moving average price is $92.57.

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.