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

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

Wall Street Analysts Forecast Growth

Separately, Zacks Research lowered SEEK from a “hold” rating to a “strong sell” rating in a research report on Friday, July 31st. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce”.

SEEK Price Performance

SKLTY opened at $20.68 on Wednesday. The stock has a fifty day moving average price of $19.54 and a 200 day moving average price of $20.36. SEEK has a 1 year low of $17.18 and a 1 year 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.