SEEK Limited – Unsponsored ADR (OTCMKTS:SKLTY) Short Interest Up 235.7% in June

SEEK Limited – Unsponsored ADR (OTCMKTS:SKLTY) saw a large 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 short sold. Based on an average daily volume of 12,216 shares, the days-to-cover ratio is presently 0.2 days.

Analyst Ratings Changes

SKLTY has been the subject of a number of research analyst reports. Zacks Research raised SEEK to a “hold” rating in a research report on Thursday, June 4th. Jefferies Financial Group lowered shares of SEEK from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 14th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has an average rating of “Hold”.

SEEK Price Performance

OTCMKTS SKLTY traded up $1.18 on Tuesday, hitting $19.43. 10,389 shares of the stock traded hands, compared to its average volume of 8,981. SEEK has a 12 month low of $17.18 and a 12 month high of $40.12. The business’s fifty day moving average is $18.72 and its two-hundred day moving average is $22.62.

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.