Short Interest in SEEK Limited – Unsponsored ADR (OTCMKTS:SKLTY) Decreases By 85.0%

SEEK Limited – Unsponsored ADR (OTCMKTS:SKLTY) saw a significant decrease in short interest in the month of August. As of August 14th, there was short interest totaling 4,278 shares, a decrease of 85.0% from the July 30th total of 28,473 shares. Based on an average trading volume of 4,877 shares, the short-interest ratio is presently 0.9 days. Approximately 0.0% of the shares of the company are short sold.

SEEK Stock Performance

SEEK stock opened at $20.68 on Wednesday. SEEK has a 1 year low of $17.18 and a 1 year high of $40.12. The business has a 50-day moving average of $19.54 and a 200-day moving average of $20.36.

Analyst Ratings Changes

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

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.