SEEK Limited – Unsponsored ADR (OTCMKTS:SKLTY) Short Interest Up 531.2% in July

SEEK Limited – Unsponsored ADR (OTCMKTS:SKLTY) was the target of a large growth in short interest in July. As of July 31st, there was short interest totaling 28,473 shares, a growth of 531.2% from the July 15th total of 4,511 shares. Based on an average daily volume of 15,822 shares, the days-to-cover ratio is currently 1.8 days. Approximately 0.0% of the shares of the stock are sold short.

SEEK Price Performance

Shares of SKLTY opened at $22.62 on Wednesday. SEEK has a 12-month low of $17.18 and a 12-month high of $40.12. The firm has a 50-day moving average price of $19.20 and a 200 day moving average price of $21.04.

Wall Street Analyst Weigh In

SKLTY has been the topic of several recent research reports. Jefferies Financial Group cut SEEK from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 14th. Zacks Research downgraded SEEK from a “hold” rating to a “strong sell” rating in a research report on Friday, July 31st. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce”.

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.