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

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

Analysts Set New Price Targets

Separately, Zacks Research downgraded SEEK from a “hold” rating to a “strong sell” rating in a research note 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’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Reduce”.

SEEK Stock Up 1.3%

Shares of OTCMKTS SKLTY traded up $0.25 during midday trading on Thursday, reaching $19.62. 360 shares of the stock were exchanged, compared to its average volume of 8,472. The company has a 50 day simple moving average of $19.22 and a 200 day simple moving average of $20.96. SEEK has a twelve month low of $17.18 and a twelve month high of $40.12.

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.