SK Telecom Co., Ltd. (NYSE:SKM) Short Interest Update

SK Telecom Co., Ltd. (NYSE:SKM) was the target of a large increase in short interest during the month of November. As of November 30th, there was short interest totalling 674,900 shares, an increase of 53.2% from the November 15th total of 440,500 shares. Based on an average daily trading volume, of 232,200 shares, the short-interest ratio is presently 2.9 days. Approximately 0.2% of the shares of the company are short sold.

SK Telecom Price Performance

Shares of SK Telecom stock traded up $0.34 on Friday, reaching $22.19. The stock had a trading volume of 186,382 shares, compared to its average volume of 258,197. SK Telecom has a fifty-two week low of $19.88 and a fifty-two week high of $24.58. The business’s 50-day moving average price is $22.79 and its two-hundred day moving average price is $22.42. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.91 and a quick ratio of 0.94.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised SK Telecom from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 16th.

Hedge Funds Weigh In On SK Telecom

Several large investors have recently bought and sold shares of SKM. GAMMA Investing LLC boosted its position in shares of SK Telecom by 27.8% during the 3rd quarter. GAMMA Investing LLC now owns 2,246 shares of the Wireless communications provider’s stock valued at $53,000 after acquiring an additional 488 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in SK Telecom by 24.3% during the second quarter. EverSource Wealth Advisors LLC now owns 3,334 shares of the Wireless communications provider’s stock worth $75,000 after purchasing an additional 652 shares during the period. Raymond James & Associates lifted its position in shares of SK Telecom by 0.8% during the 2nd quarter. Raymond James & Associates now owns 90,116 shares of the Wireless communications provider’s stock worth $1,886,000 after buying an additional 729 shares during the period. Assetmark Inc. raised its stake in SK Telecom by 57.6% during the third quarter. Assetmark Inc. now owns 2,949 shares of the Wireless communications provider’s stock worth $70,000 after acquiring an additional 1,078 shares in the last quarter. Finally, First Trust Direct Indexing L.P. boosted its stake in shares of SK Telecom by 7.2% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 16,497 shares of the Wireless communications provider’s stock valued at $392,000 after purchasing an additional 1,114 shares in the last quarter.

About SK Telecom

SK Telecom Co, Ltd. provides wireless telecommunication services in South Korea. The company operates through three segments: Cellular Services, Fixed-Line Telecommunications Services, and Other Businesses. The Cellular Services segment offers wireless voice and data transmission, Internet of Things solutions, platform, cloud, smart factory solutions, subscription, advertising and curated shopping under T Deal brand name, and metaverse platform-based services, as well as sells wireless devices.