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

SEEK Limited – Unsponsored ADR (OTCMKTS:SKLTY) saw a significant growth in short interest in the month of July. As of July 15th, there was short interest totaling 4,511 shares, a growth of 94.8% from the June 30th total of 2,316 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 15,183 shares, the days-to-cover ratio is presently 0.3 days.

SEEK Stock Up 2.9%

OTCMKTS SKLTY opened at $20.27 on Thursday. SEEK has a 52 week low of $17.18 and a 52 week high of $40.12. The stock’s 50-day moving average price is $18.61 and its 200-day moving average price is $21.62.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on SKLTY shares. Zacks Research upgraded shares of SEEK to a “hold” rating in a research report on Thursday, June 4th. Jefferies Financial Group downgraded shares of SEEK from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 14th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently 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.