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

SEEK Limited – Unsponsored ADR (OTCMKTS:SKLTY) saw a significant 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. Approximately 0.0% of the company’s stock are short sold. Based on an average trading volume of 15,822 shares, the short-interest ratio is currently 1.8 days.

SEEK Trading Up 1.6%

SEEK stock opened at $19.68 on Friday. SEEK has a 52 week low of $17.18 and a 52 week high of $40.12. The stock has a 50 day moving average of $19.24 and a 200-day moving average of $20.88.

Wall Street Analyst Weigh In

Separately, Zacks Research lowered SEEK from a “hold” rating to a “strong sell” rating in a research report on Friday, July 31st. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock 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.