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

Scout24 SE (OTCMKTS:SCOTF – Get Free Report) was the target of a significant growth in short interest during 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.

Scout24 Price Performance

Shares of OTCMKTS:SCOTF remained flat at $85.00 on Monday. The company has a fifty day simple moving average of $84.22 and a two-hundred day simple moving average of $97.76. Scout24 has a 1-year low of $81.30 and a 1-year high of $85.00.

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Analysts Set New Price Targets

Several brokerages recently weighed in on SCOTF. Citigroup reissued a “buy” rating on shares of Scout24 in a report on Wednesday, May 27th. The Goldman Sachs Group assumed coverage on Scout24 in a report on Thursday, June 4th. They set a “buy” rating on the stock. Six analysts have rated the stock with a Buy rating, According to data from MarketBeat, Scout24 presently has an average rating of “Buy”.

Read Our Latest Report on SCOTF

Scout24 Company Profile

(Get Free Report)

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.

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