SK Growth Opportunities Co. (NASDAQ:SKGR) Sees Large Increase in Short Interest

SK Growth Opportunities Co. (NASDAQ:SKGR) saw a significant growth in short interest during the month of March. As of March 15th, there was short interest totalling 3,900 shares, a growth of 85.7% from the February 28th total of 2,100 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 44,500 shares, the short-interest ratio is currently 0.1 days.

SK Growth Opportunities Stock Down 0.2 %

Shares of NASDAQ:SKGR opened at $12.65 on Monday. SK Growth Opportunities has a 52 week low of $11.01 and a 52 week high of $13.40. The firm has a fifty day simple moving average of $11.71 and a two-hundred day simple moving average of $11.57. The stock has a market capitalization of $189.41 million, a P/E ratio of 57.50 and a beta of 0.02.

SK Growth Opportunities (NASDAQ:SKGR) last released its quarterly earnings results on Thursday, March 27th. The company reported $0.07 earnings per share for the quarter.

Institutional Investors Weigh In On SK Growth Opportunities

Institutional investors and hedge funds have recently modified their holdings of the business. Glazer Capital LLC purchased a new stake in SK Growth Opportunities in the 3rd quarter valued at about $113,000. Geode Capital Management LLC raised its holdings in shares of SK Growth Opportunities by 8.8% in the 4th quarter. Geode Capital Management LLC now owns 12,412 shares of the company’s stock valued at $144,000 after purchasing an additional 1,009 shares in the last quarter. Virtu Financial LLC bought a new position in shares of SK Growth Opportunities during the fourth quarter valued at approximately $320,000. FNY Investment Advisers LLC increased its holdings in SK Growth Opportunities by 50.6% during the fourth quarter. FNY Investment Advisers LLC now owns 90,499 shares of the company’s stock valued at $1,050,000 after buying an additional 30,399 shares during the period. Finally, K2 Principal Fund L.P. bought a new position in SK Growth Opportunities in the fourth quarter worth approximately $2,142,000. 92.48% of the stock is owned by institutional investors.

About SK Growth Opportunities

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.