Short Interest in SEEK Limited – Unsponsored ADR (OTCMKTS:SKLTY) Drops By 85.0%

SEEK Limited – Unsponsored ADR (OTCMKTS:SKLTY) saw a significant drop in short interest in the month of August. As of August 14th, there was short interest totaling 4,278 shares, a drop of 85.0% from the July 30th total of 28,473 shares. Based on an average daily volume of 4,877 shares, the days-to-cover ratio is presently 0.9 days. Approximately 0.0% of the shares of the company are sold short.

SEEK Trading Down 0.5%

SEEK stock opened at $21.10 on Friday. The business’s 50-day simple moving average is $19.63 and its 200-day simple moving average is $20.28. SEEK has a 52 week low of $17.18 and a 52 week high of $40.12.

Wall Street Analyst Weigh In

Separately, Zacks Research downgraded shares of SEEK from a “hold” rating to a “strong sell” rating in a report on Friday, July 31st. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average 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.