Scout24 SE (OTCMKTS:SCOTF) Short Interest Up 29.5% in January

Scout24 SE (OTCMKTS:SCOTF) saw a significant increase in short interest in January. As of January 15th, there was short interest totaling 16,352 shares, an increase of 29.5% from the December 31st total of 12,628 shares. Based on an average daily volume of 3,970 shares, the days-to-cover ratio is presently 4.1 days. Based on an average daily volume of 3,970 shares, the days-to-cover ratio is presently 4.1 days.

Scout24 Stock Performance

OTCMKTS SCOTF opened at $115.36 on Tuesday. The firm’s 50 day moving average is $115.36 and its 200-day moving average is $118.05. Scout24 has a 12-month low of $115.36 and a 12-month high of $141.53.

Scout24 announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, December 3rd that allows the company to repurchase 0 outstanding shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its shares are undervalued.

Analysts Set New Price Targets

SCOTF has been the topic of several research analyst reports. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Scout24 in a research note on Monday, November 3rd. Morgan Stanley raised Scout24 from an “equal weight” rating to an “overweight” rating in a research report on Friday, January 9th. Citigroup reissued a “buy” rating on shares of Scout24 in a research note on Monday, November 3rd. Finally, Jefferies Financial Group raised shares of Scout24 to a “buy” rating in a research note on Tuesday, January 6th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, Scout24 has an average rating of “Moderate Buy”.

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.