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Short Interest in SK Telecom Co., Ltd. (NYSE:SKM) Increases By 53.2%

SK Telecom logo with Computer and Technology background

SK Telecom Co., Ltd. (NYSE:SKM - Get Free Report) saw a large increase in short interest in the month of November. As of November 30th, there was short interest totalling 674,900 shares, an increase of 53.2% from the November 15th total of 440,500 shares. Based on an average trading volume of 232,200 shares, the short-interest ratio is currently 2.9 days. Currently, 0.2% of the shares of the stock are short sold.

SK Telecom Trading Up 1.6 %

SK Telecom stock traded up $0.34 during mid-day trading on Friday, hitting $22.19. 186,330 shares of the stock were exchanged, compared to its average volume of 269,818. The firm's fifty day simple moving average is $22.81 and its two-hundred day simple moving average is $22.41. The company has a quick ratio of 0.94, a current ratio of 0.97 and a debt-to-equity ratio of 0.53. SK Telecom has a 12 month low of $19.88 and a 12 month high of $24.58.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in SKM. GAMMA Investing LLC lifted its position in shares of SK Telecom by 27.8% during the third quarter. GAMMA Investing LLC now owns 2,246 shares of the Wireless communications provider's stock valued at $53,000 after purchasing an additional 488 shares in the last quarter. Assetmark Inc. increased its stake in SK Telecom by 57.6% in the 3rd quarter. Assetmark Inc. now owns 2,949 shares of the Wireless communications provider's stock valued at $70,000 after buying an additional 1,078 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of SK Telecom by 24.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,334 shares of the Wireless communications provider's stock worth $75,000 after buying an additional 652 shares in the last quarter. Ariadne Wealth Management LP purchased a new position in shares of SK Telecom in the 2nd quarter worth approximately $127,000. Finally, D Orazio & Associates Inc. bought a new position in shares of SK Telecom in the third quarter valued at approximately $200,000.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded SK Telecom from a "buy" rating to a "strong-buy" rating in a research note on Saturday, November 16th.

Get Our Latest Stock Analysis on SK Telecom

About SK Telecom

(Get Free Report)

SK Telecom Co, Ltd. provides wireless telecommunication services in South Korea. The company operates through three segments: Cellular Services, Fixed-Line Telecommunications Services, and Other Businesses. The Cellular Services segment offers wireless voice and data transmission, Internet of Things solutions, platform, cloud, smart factory solutions, subscription, advertising and curated shopping under T Deal brand name, and metaverse platform-based services, as well as sells wireless devices.

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