Short Interest in SEEK Limited – Unsponsored ADR (OTCMKTS:SKLTY) Rises By 235.7%

SEEK Limited – Unsponsored ADR (OTCMKTS:SKLTY) saw a significant growth in short interest in June. As of June 30th, there was short interest totaling 2,316 shares, a growth of 235.7% from the June 15th total of 690 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 12,216 shares, the short-interest ratio is currently 0.2 days.

SEEK Stock Up 6.5%

SKLTY opened at $19.43 on Wednesday. SEEK has a fifty-two week low of $17.18 and a fifty-two week high of $40.12. The business has a 50-day moving average of $18.71 and a 200-day moving average of $22.54.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on SKLTY. Zacks Research raised SEEK to a “hold” rating in a research report on Thursday, June 4th. Jefferies Financial Group lowered SEEK from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 14th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat, SEEK presently 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.