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

SEEK Limited – Unsponsored ADR (OTCMKTS:SKLTY) saw a large increase in short interest in 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 daily trading volume, of 15,183 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.0% of the shares of the stock are sold short.

SEEK Stock Performance

SKLTY stock opened at $20.27 on Thursday. SEEK has a 1-year low of $17.18 and a 1-year high of $40.12. The business has a 50 day simple moving average of $18.61 and a two-hundred day simple moving average of $21.62.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on SKLTY shares. Jefferies Financial Group downgraded shares of SEEK from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 14th. Zacks Research upgraded SEEK to a “hold” rating in a research report on Thursday, June 4th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company currently has an average rating of “Hold”.

About SEEK

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.