SEEK Limited – Unsponsored ADR (OTCMKTS:SKLTY) Short Interest Down 85.0% in August

SEEK Limited – Unsponsored ADR (OTCMKTS:SKLTY) was the recipient of a significant decrease in short interest in 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 days-to-cover ratio is presently 0.9 days. Approximately 0.0% of the company’s stock are short sold.

SEEK Trading Up 1.6%

Shares of SKLTY stock traded up $0.34 during mid-day trading on Thursday, hitting $21.02. 11,306 shares of the stock were exchanged, compared to its average volume of 8,215. SEEK has a 52-week low of $17.18 and a 52-week high of $40.12. The firm has a fifty day moving average of $19.58 and a 200 day moving average of $20.32.

Analysts Set New Price Targets

Separately, Zacks Research downgraded SEEK from a “hold” rating to a “strong sell” rating in a research note on Friday, July 31st. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company 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.