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

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

SEEK Trading Down 0.5%

SKLTY stock opened at $17.48 on Friday. The company has a fifty day moving average price of $19.36 and a 200 day moving average price of $23.68. SEEK has a 12 month low of $17.18 and a 12 month high of $40.12.

Analyst Ratings Changes

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

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.