SEEK Limited – Unsponsored ADR (OTCMKTS:SKLTY) Short Interest Update

SEEK Limited – Unsponsored ADR (OTCMKTS:SKLTY) saw a significant increase in short interest during the month of July. As of July 15th, there was short interest totaling 4,511 shares, an increase of 94.8% from the June 30th total of 2,316 shares. Based on an average trading volume of 15,183 shares, the short-interest ratio is currently 0.3 days. Currently, 0.0% of the shares of the stock are sold short.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Jefferies Financial Group cut shares of SEEK from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 14th. Zacks Research upgraded SEEK to a “hold” rating in a research report on Thursday, June 4th. Two analysts have rated the stock with a Hold rating, According to MarketBeat, the company presently has a consensus rating of “Hold”.

SEEK Stock Performance

SEEK stock traded down $0.34 during trading hours on Friday, reaching $20.36. 126 shares of the company’s stock traded hands, compared to its average volume of 8,838. SEEK has a fifty-two week low of $17.18 and a fifty-two week high of $40.12. The firm’s 50 day moving average is $18.63 and its 200-day moving average is $21.55.

SEEK Company Profile

SEEK Limited (OTCMKTS:SKLTY) is an Australian-based online employment marketplace that connects job seekers with employers across a range of industries. The company’s flagship platform, SEEK, offers employers access to a resume database and a suite of recruitment tools, while providing candidates with job listings, career advice and skills training resources. In addition to its core job-board business, SEEK has expanded its offerings to include talent management solutions and online learning modules designed to upskill workers and meet evolving labour market demands.

Founded in Melbourne in 1997 by Paul Bassat, Andrew Bassat and Matt Rockman, SEEK quickly grew to dominate the Australian and New Zealand recruitment markets.