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

SEEK Limited – Unsponsored ADR (OTCMKTS:SKLTY) saw a significant decrease in short interest during the month of June. As of June 15th, there was short interest totaling 690 shares, a decrease of 80.2% from the May 31st total of 3,478 shares. Based on an average daily trading volume, of 24,610 shares, the short-interest ratio is currently 0.0 days.

SEEK Price Performance

Shares of OTCMKTS:SKLTY traded down $0.10 during trading on Friday, hitting $17.38. The company had a trading volume of 9,367 shares, compared to its average volume of 9,375. The company has a fifty day simple moving average of $19.30 and a two-hundred day simple moving average of $23.63. SEEK has a one year low of $17.18 and a one year high of $40.12.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on SKLTY shares. Zacks Research raised SEEK to a “hold” rating in a report on Thursday, June 4th. Jefferies Financial Group downgraded 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 currently has an average 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.