Short Interest in SK Growth Opportunities Co. (NASDAQ:SKGR) Declines By 40.0%

SK Growth Opportunities Co. (NASDAQ:SKGR - Get Free Report) was the recipient of a significant decrease in short interest in January. As of January 31st, there was short interest totalling 1,800 shares, a decrease of 40.0% from the January 15th total of 3,000 shares. Based on an average daily trading volume, of 40,100 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the company's stock are sold short.

Hedge Funds Weigh In On SK Growth Opportunities

A number of hedge funds have recently bought and sold shares of the business. Crossingbridge Advisors LLC bought a new stake in SK Growth Opportunities in the 3rd quarter worth approximately $1,981,000. Wolverine Asset Management LLC bought a new position in shares of SK Growth Opportunities in the 3rd quarter worth approximately $6,476,000. Quarry LP grew its position in SK Growth Opportunities by 164.4% during the third quarter. Quarry LP now owns 209,068 shares of the company's stock valued at $2,370,000 after buying an additional 130,000 shares during the period. FNY Investment Advisers LLC boosted its stake in shares of SK Growth Opportunities by 50.6% during the 4th quarter. FNY Investment Advisers LLC now owns 90,499 shares of the company's stock worth $1,050,000 after acquiring an additional 30,399 shares during the last quarter. Finally, Periscope Capital Inc. increased its stake in shares of SK Growth Opportunities by 61.3% in the 3rd quarter. Periscope Capital Inc. now owns 100,000 shares of the company's stock worth $1,134,000 after purchasing an additional 38,007 shares in the last quarter. Hedge funds and other institutional investors own 92.48% of the company's stock.

SK Growth Opportunities Trading Down 0.1 %

SKGR traded down $0.01 during trading on Monday, hitting $11.65. 11,813 shares of the company's stock traded hands, compared to its average volume of 13,948. The stock has a market capitalization of $174.40 million, a price-to-earnings ratio of 52.96 and a beta of 0.02. The company's 50 day simple moving average is $11.63 and its two-hundred day simple moving average is $11.46. SK Growth Opportunities has a 12-month low of $10.80 and a 12-month high of $12.32.

About SK Growth Opportunities

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.