SEEK Limited – Unsponsored ADR (OTCMKTS:SKLTY) Sees Significant Growth in Short Interest

SEEK Limited – Unsponsored ADR (OTCMKTS:SKLTY) was the recipient of a significant growth in short interest in the month of June. As of June 30th, there was short interest totaling 2,316 shares, a growth of 235.7% from the June 15th total of 690 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 12,216 shares, the days-to-cover ratio is currently 0.2 days.

SEEK Stock Performance

OTCMKTS:SKLTY opened at $18.93 on Monday. The firm has a 50-day simple moving average of $18.76 and a 200-day simple moving average of $22.72. SEEK has a one year low of $17.18 and a one year high of $40.12.

Wall Street Analyst Weigh In

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

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.