Short Interest in SK Growth Opportunities Co. (NASDAQ:SKGR) Increases By 1,010.3%

SK Growth Opportunities Co. (NASDAQ:SKGR - Get Free Report) was the recipient of a large increase in short interest during the month of March. As of March 31st, there was short interest totalling 43,300 shares, an increase of 1,010.3% from the March 15th total of 3,900 shares. Currently, 0.5% of the shares of the stock are sold short. Based on an average trading volume of 57,200 shares, the short-interest ratio is currently 0.8 days.

SK Growth Opportunities Price Performance

SKGR traded up $0.30 during midday trading on Friday, reaching $11.74. 185,886 shares of the company's stock were exchanged, compared to its average volume of 64,427. The business's 50-day moving average price is $11.70 and its 200 day moving average price is $11.60. The stock has a market capitalization of $175.77 million, a PE ratio of 53.36 and a beta of -0.03. SK Growth Opportunities has a 1-year low of $10.39 and a 1-year high of $13.40.

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

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in SKGR. Geode Capital Management LLC raised its position 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 valued at $144,000 after buying an additional 1,009 shares during the last quarter. Virtu Financial LLC acquired a new stake in shares of SK Growth Opportunities during the fourth quarter worth $320,000. FNY Investment Advisers LLC grew its position in shares of SK Growth Opportunities by 50.6% in 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 period. K2 Principal Fund L.P. acquired a new position in SK Growth Opportunities in the fourth quarter valued at $2,142,000. Finally, DLD Asset Management LP purchased a new position in SK Growth Opportunities during the fourth quarter worth about $3,487,000. Institutional investors and hedge funds 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.