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

SEEK Limited – Unsponsored ADR (OTCMKTS:SKLTY) was the recipient of a large drop in short interest in September. As of September 30th, there was short interest totaling 452 shares, a drop of 72.9% from the September 15th total of 1,667 shares. Based on an average trading volume of 12,747 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are short sold.

SEEK Price Performance

SKLTY stock traded up $0.17 on Tuesday, reaching $17.96. The company had a trading volume of 898 shares, compared to its average volume of 7,724. The company’s fifty day moving average is $18.98 and its 200 day moving average is $19.21. SEEK has a 1 year low of $15.43 and a 1 year high of $36.87.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded shares of SEEK from a “strong sell” rating to a “hold” rating in a research report on Monday, September 28th. Two research analysts have rated the stock with a Hold rating. According to data from MarketBeat.com, SEEK has an average rating of “Hold”.

SEEK Company Profile

SEEK Limited is an Australian online employment and education marketplace headquartered in Melbourne. The company operates digital platforms that connect employers with job seekers and provide information about employment opportunities, career development and education programs.

SEEK’s services include online job advertising, candidate search and recruitment tools, employer branding, salary and labor-market insights, and listings for courses and other training opportunities. Its platforms serve employers, recruiters, job seekers, students and education providers.

Founded in 1997 by Andrew Bassat and Paul Bassat, SEEK has expanded beyond Australia and New Zealand into employment and education markets across Asia, including through platforms such as JobStreet and Jobsdb.