SEEK Limited – Unsponsored ADR (OTCMKTS:SKLTY) Sees Large Drop in Short Interest

SEEK Limited – Unsponsored ADR (OTCMKTS:SKLTY) was the target of a large decrease in short interest during the month of September. As of September 15th, there was short interest totaling 1,667 shares, a decrease of 55.5% from the August 31st total of 3,742 shares. Based on an average daily trading volume, of 6,693 shares, the short-interest ratio is currently 0.2 days. Currently, 0.0% of the shares of the company are sold short.

SEEK Trading Up 4.0%

Shares of SKLTY stock traded up $0.63 on Wednesday, hitting $16.51. The company’s stock had a trading volume of 257 shares, compared to its average volume of 7,797. SEEK has a fifty-two week low of $15.43 and a fifty-two week high of $37.90. The stock’s 50 day moving average is $19.45 and its 200-day moving average is $19.45.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded shares of SEEK from a “strong sell” rating to a “hold” rating in a research report on Monday. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

SEEK Company Profile

SEEK Limited is an Australia-based online employment marketplace and education services company. Through its SEEK platform, the company connects job seekers with employers, allowing individuals to search and apply for vacancies while helping businesses advertise roles, identify candidates and manage recruitment activities.

SEEK also provides employment-related products and services, including recruitment advertising, candidate sourcing, employer branding and related hiring solutions. In addition, the company operates education marketplaces that help prospective students discover courses and training opportunities.

Founded in 1997 by Andrew Bassat and Paul Bassat, SEEK serves employers, recruiters, job seekers and education providers across Australia and New Zealand, as well as selected markets in Asia.