Short Interest in SK Growth Opportunities Co. (NASDAQ:SKGR) Expands By 85.7%

SK Growth Opportunities Co. (NASDAQ:SKGR - Get Free Report) was the target of a significant increase in short interest in the month of 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 daily trading volume, of 44,500 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company's shares are short sold.

SK Growth Opportunities Trading Down 1.6 %

Shares of NASDAQ:SKGR traded down $0.19 on Wednesday, reaching $11.61. 39,825 shares of the company traded hands, compared to its average volume of 69,414. SK Growth Opportunities has a 52 week low of $10.97 and a 52 week high of $13.40. The business's 50-day simple moving average is $11.72 and its 200 day simple moving average is $11.58. The stock has a market capitalization of $173.84 million, a P/E ratio of 52.78 and a beta of -0.03.

SK Growth Opportunities (NASDAQ:SKGR - Get Free Report) last issued its quarterly earnings data on Thursday, March 27th. The company reported $0.07 EPS for the quarter.

Institutional Trading of SK Growth Opportunities

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Glazer Capital LLC purchased a new position in shares of SK Growth Opportunities in the 3rd quarter valued at approximately $113,000. Quarry LP boosted its holdings in shares of SK Growth Opportunities by 164.4% during the 3rd 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 in the last quarter. FNY Investment Advisers LLC grew its position in shares of SK Growth Opportunities by 50.6% in the 4th quarter. FNY Investment Advisers LLC now owns 90,499 shares of the company's stock worth $1,050,000 after buying an additional 30,399 shares during the period. Wolverine Asset Management LLC increased its stake in shares of SK Growth Opportunities by 0.8% in the 4th quarter. Wolverine Asset Management LLC now owns 576,627 shares of the company's stock worth $6,703,000 after acquiring an additional 4,561 shares in the last quarter. Finally, Virtu Financial LLC purchased a new position in SK Growth Opportunities during the 4th quarter valued at about $320,000. 92.48% of the stock is currently owned by hedge funds and other institutional investors.

Remove Ads

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.