SK Growth Opportunities Co. (NASDAQ:SKGR) Short Interest Update

SK Growth Opportunities Co. (NASDAQ:SKGR) was the target of a significant increase in short interest in March. As of March 15th, there was short interest totalling 3,900 shares, an increase of 85.7% from the February 28th total of 2,100 shares. Based on an average trading volume of 44,500 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the company’s shares are sold short.

SK Growth Opportunities Trading Down 0.2 %

NASDAQ SKGR traded down $0.03 during trading on Friday, hitting $12.65. The company had a trading volume of 67,670 shares, compared to its average volume of 69,657. The company’s fifty day moving average is $11.71 and its 200-day moving average is $11.57. SK Growth Opportunities has a one year low of $11.01 and a one year high of $13.40. The company has a market cap of $189.41 million, a price-to-earnings ratio of 57.50 and a beta of 0.02.

SK Growth Opportunities (NASDAQ:SKGR) last released its quarterly earnings results on Thursday, March 27th. The company reported $0.07 earnings per share (EPS) for the quarter.

Institutional Investors Weigh In On SK Growth Opportunities

A number of institutional investors have recently made changes to their positions in the company. Glazer Capital LLC bought a new position in SK Growth Opportunities in the 3rd quarter valued at approximately $113,000. Geode Capital Management LLC raised its stake in shares of SK Growth Opportunities by 8.8% in the fourth quarter. Geode Capital Management LLC now owns 12,412 shares of the company’s stock worth $144,000 after purchasing an additional 1,009 shares during the last quarter. Virtu Financial LLC bought a new position in shares of SK Growth Opportunities during the fourth quarter valued at $320,000. FNY Investment Advisers LLC raised its holdings in shares of SK Growth Opportunities by 50.6% during the fourth quarter. FNY Investment Advisers LLC now owns 90,499 shares of the company’s stock valued at $1,050,000 after purchasing an additional 30,399 shares during the last quarter. Finally, K2 Principal Fund L.P. purchased a new position in shares of SK Growth Opportunities during the fourth quarter valued at approximately $2,142,000. Hedge funds and other institutional investors own 92.48% of the company’s stock.

SK Growth Opportunities Company Profile

SK Growth Opportunities Corporation does not have significant operations. It focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. The company was incorporated in 2021 and is based in New York, New York.