Scout24 AG (OTCMKTS:SCOTF) Short Interest Down 21.8% in March

Scout24 AG (OTCMKTS:SCOTFGet Rating) was the target of a large decline in short interest during the month of March. As of March 31st, there was short interest totalling 266,800 shares, a decline of 21.8% from the March 15th total of 341,000 shares. Based on an average daily trading volume, of 0 shares, the days-to-cover ratio is currently ∞ days.

SCOTF remained flat at $$62.64 during midday trading on Tuesday. The stock’s fifty day moving average price is $62.64 and its two-hundred day moving average price is $67.84. Scout24 has a 52-week low of $60.14 and a 52-week high of $72.90.

SCOTF has been the subject of several analyst reports. The Goldman Sachs Group initiated coverage on shares of Scout24 in a research note on Thursday, January 20th. They issued a “neutral” rating for the company. JPMorgan Chase & Co. boosted their target price on shares of Scout24 from €67.00 ($72.04) to €68.00 ($73.12) and gave the company an “overweight” rating in a research note on Wednesday, March 2nd. Finally, Jefferies Financial Group initiated coverage on shares of Scout24 in a research note on Wednesday, February 2nd. They issued a “buy” rating for the company. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $70.50.

Scout24 Company Profile (Get Rating)

Scout24 AG operates ImmoScout24, a digital platform for the residential and commercial real estate sectors in Germany and internationally. It operates its portal for commercial and private customers for the sale and rental of real estate properties; and for support services, such as customer acquisition and customer relationship management, and care for business real estate professionals.

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