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

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

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group cut shares of SEEK from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 14th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Hold”.

SEEK Trading Down 1.4%

SEEK stock traded down $0.26 during mid-day trading on Monday, hitting $17.91. 1,585 shares of the company traded hands, compared to its average volume of 8,835. SEEK has a one year low of $17.18 and a one year high of $40.12. The stock has a fifty day moving average price of $19.90 and a 200-day moving average price of $25.54.

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.