SK Telecom Co., Ltd. (NYSE:SKM) Short Interest Update

SK Telecom Co., Ltd. (NYSE:SKM) was the recipient of a large decrease in short interest in the month of November. As of November 15th, there was short interest totalling 440,500 shares, a decrease of 16.4% from the October 31st total of 527,100 shares. Based on an average trading volume of 224,800 shares, the short-interest ratio is presently 2.0 days. Approximately 0.1% of the shares of the company are short sold.

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.

SK Telecom Price Performance

Shares of SK Telecom stock opened at $24.22 on Monday. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.98 and a quick ratio of 0.95. SK Telecom has a 12 month low of $19.88 and a 12 month high of $24.58. The stock has a 50 day moving average of $23.03 and a 200 day moving average of $22.34.

Institutional Trading of SK Telecom

Several institutional investors and hedge funds have recently modified their holdings of the stock. Teachers Retirement System of The State of Kentucky purchased a new position in SK Telecom during the 1st quarter worth approximately $3,364,000. EverSource Wealth Advisors LLC boosted its position in SK Telecom by 104.7% during the first quarter. EverSource Wealth Advisors LLC now owns 2,682 shares of the Wireless communications provider’s stock worth $55,000 after acquiring an additional 1,372 shares during the last quarter. Simplicity Wealth LLC lifted its stake in SK Telecom by 14.3% in the 2nd quarter. Simplicity Wealth LLC now owns 22,643 shares of the Wireless communications provider’s stock worth $474,000 after purchasing an additional 2,827 shares in the last quarter. QRG Capital Management Inc. increased its stake in shares of SK Telecom by 17.5% in the 2nd quarter. QRG Capital Management Inc. now owns 23,901 shares of the Wireless communications provider’s stock worth $500,000 after acquiring an additional 3,558 shares during the last quarter. Finally, Sequoia Financial Advisors LLC purchased a new position in shares of SK Telecom during the 2nd quarter worth $322,000.

About SK Telecom

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.