SEEK Limited – Unsponsored ADR (OTCMKTS:SKLTY) Short Interest Down 80.2% in June

SEEK Limited – Unsponsored ADR (OTCMKTS:SKLTY) was the recipient of a significant decrease in short interest in the month of June. As of June 15th, there was short interest totaling 690 shares, a decrease of 80.2% from the May 31st total of 3,478 shares. Based on an average trading volume of 24,610 shares, the days-to-cover ratio is presently 0.0 days.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Jefferies Financial Group cut shares of SEEK from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 14th. Zacks Research upgraded shares of SEEK to a “hold” rating in a research report on Thursday, June 4th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat, SEEK has an average rating of “Hold”.

SEEK Stock Down 0.5%

Shares of OTCMKTS:SKLTY opened at $17.48 on Friday. The business’s 50 day moving average price is $19.36 and its 200-day moving average price is $23.68. SEEK has a 1 year low of $17.18 and a 1 year high of $40.12.

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.