Short Interest in SEEK Limited – Unsponsored ADR (OTCMKTS:SKLTY) Grows By 531.2%

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

SEEK Price Performance

OTCMKTS SKLTY opened at $22.62 on Wednesday. The business has a fifty day moving average price of $19.20 and a 200 day moving average price of $21.04. SEEK has a one year low of $17.18 and a one year high of $40.12.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the stock. Zacks Research cut shares of SEEK from a “hold” rating to a “strong sell” rating in a research note on Friday, July 31st. Jefferies Financial Group lowered shares of SEEK from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 14th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce”.

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.