Scout24 SE (OTCMKTS:SCOTF – Get Free Report) was the target of a large drop in short interest in the month of August. As of August 14th, there was short interest totaling 93,113 shares, a drop of 34.6% from the July 30th total of 142,306 shares. Based on an average daily trading volume, of 4 shares, the days-to-cover ratio is currently 23,278.2 days.
Scout24 Price Performance
Shares of SCOTF stock opened at $85.00 on Wednesday. The firm’s 50 day moving average price is $84.22 and its two-hundred day moving average price is $95.19. Scout24 has a 52-week low of $81.30 and a 52-week high of $85.00.
Wall Street Analysts Forecast Growth
Several research analysts recently issued reports on the stock. The Goldman Sachs Group started coverage on shares of Scout24 in a research report on Thursday, June 4th. They set a “buy” rating on the stock. Citigroup reaffirmed a “buy” rating on shares of Scout24 in a research note on Wednesday, May 27th. Six analysts have rated the stock with a Buy rating, According to MarketBeat.com, Scout24 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.
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