SK Growth Opportunities Co. (NASDAQ:SKGR - Get Free Report) was the recipient of a significant growth in short interest in the month of February. As of February 15th, there was short interest totalling 2,300 shares, a growth of 27.8% from the January 31st total of 1,800 shares. Approximately 0.0% of the company's shares are sold short. Based on an average daily trading volume, of 35,300 shares, the short-interest ratio is presently 0.1 days.
Institutional Investors Weigh In On SK Growth Opportunities
Several hedge funds and other institutional investors have recently added to or reduced their stakes in SKGR. Glazer Capital LLC purchased a new stake in SK Growth Opportunities in the third quarter worth $113,000. Geode Capital Management LLC grew its stake in 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 period. Virtu Financial LLC purchased a new stake in SK Growth Opportunities in the fourth quarter worth $320,000. FNY Investment Advisers LLC grew its stake in SK Growth Opportunities by 50.6% in the fourth quarter. FNY Investment Advisers LLC now owns 90,499 shares of the company's stock worth $1,050,000 after purchasing an additional 30,399 shares during the period. Finally, Periscope Capital Inc. grew its stake in SK Growth Opportunities by 61.3% in the third 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 during the period. 92.48% of the stock is owned by hedge funds and other institutional investors.
SK Growth Opportunities Stock Up 0.1 %
Shares of SKGR traded up $0.01 during mid-day trading on Friday, hitting $11.66. 5,266 shares of the company's stock traded hands, compared to its average volume of 67,187. The firm has a market capitalization of $174.59 million, a P/E ratio of 53.00 and a beta of 0.02. The business's 50-day moving average price is $11.64 and its 200-day moving average price is $11.51. SK Growth Opportunities has a 1 year low of $11.00 and a 1 year high of $12.32.
About SK Growth Opportunities
(
Get Free Report)
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.
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