Short Interest in Scout24 SE (OTCMKTS:SCOTF) Declines By 43.1%

Scout24 SE (OTCMKTS:SCOTF) was the target of a large drop in short interest in March. As of March 15th, there was short interest totalling 134,900 shares, a drop of 43.1% from the February 29th total of 237,200 shares. Based on an average daily volume of 600 shares, the days-to-cover ratio is currently 224.8 days.

Scout24 Stock Performance

Shares of Scout24 stock remained flat at $72.99 during mid-day trading on Thursday. The company’s 50 day simple moving average is $65.08 and its 200-day simple moving average is $62.18. Scout24 has a 1 year low of $72.99 and a 1 year high of $72.99.

About Scout24

Scout24 SE operates ImmoScout24, a digital platform for the residential and commercial real estate sectors in Germany and internationally. The company offers Realtor Lead Engine and Immoverkauf24 products for selling real estate; Mortgage Lead Engine, a mortgage financing product under the pay-per-lead model; mortgage and real estate financing advisory services; FLOWFACT and Propstack, which are CRM software solutions for real estate agents; and TenantPlus that provides rental properties.