SEEK Limited – Unsponsored ADR (OTCMKTS:SKLTY) Stock Short Interest Declines 55.5%

SEEK Limited – Unsponsored ADR (OTCMKTS:SKLTY) saw a large decrease in short interest in the month of September. As of September 15th, there was short interest totaling 1,667 shares, a decrease of 55.5% from the August 31st total of 3,742 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 6,693 shares, the short-interest ratio is presently 0.2 days.

Wall Street Analyst Weigh In

Separately, Zacks Research downgraded shares of SEEK from a “hold” rating to a “strong sell” rating in a report on Friday, July 31st. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Reduce”.

SEEK Stock Performance

OTCMKTS:SKLTY traded up $0.52 during midday trading on Tuesday, hitting $16.00. 294 shares of the company traded hands, compared to its average volume of 7,836. The firm’s fifty day moving average is $19.53 and its 200-day moving average is $19.49. SEEK has a 12-month low of $15.43 and a 12-month high of $37.90.

SEEK Company Profile

SEEK Limited is an Australia-based online employment marketplace and education services company. Through its SEEK platform, the company connects job seekers with employers, allowing individuals to search and apply for vacancies while helping businesses advertise roles, identify candidates and manage recruitment activities.

SEEK also provides employment-related products and services, including recruitment advertising, candidate sourcing, employer branding and related hiring solutions. In addition, the company operates education marketplaces that help prospective students discover courses and training opportunities.

Founded in 1997 by Andrew Bassat and Paul Bassat, SEEK serves employers, recruiters, job seekers and education providers across Australia and New Zealand, as well as selected markets in Asia.