Short Interest in SEEK Limited – Unsponsored ADR (OTCMKTS:SKLTY) Grows By ∞

SEEK Limited – Unsponsored ADR (OTCMKTS:SKLTY) was the target of a significant growth in short interest in May. As of May 15th, there was short interest totaling 3,637 shares, a growth of ∞ from the April 30th total of 0 shares. Based on an average daily volume of 27,556 shares, the days-to-cover ratio is currently 0.1 days.

Analyst Ratings Changes

Separately, Jefferies Financial Group downgraded shares of SEEK from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 14th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, SEEK has an average rating of “Hold”.

SEEK Price Performance

Shares of SKLTY stock traded up $1.00 during mid-day trading on Tuesday, hitting $18.91. The company had a trading volume of 26,746 shares, compared to its average volume of 8,136. SEEK has a 52-week low of $17.18 and a 52-week high of $40.12. The stock’s 50 day moving average price is $19.86 and its 200-day moving average price is $25.42.

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.