Short Interest in SK Growth Opportunities Co. (NASDAQ:SKGR) Declines By 45.8%

SK Growth Opportunities Co. (NASDAQ:SKGR - Get Free Report) was the target of a significant drop in short interest in April. As of April 15th, there was short interest totalling 6,500 shares, a drop of 45.8% from the March 31st total of 12,000 shares. Based on an average daily volume of 88,200 shares, the short-interest ratio is currently 0.1 days. Approximately 0.1% of the shares of the stock are sold short.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of SKGR. Quarry LP bought a new stake in shares of SK Growth Opportunities in the 4th quarter worth approximately $1,163,000. Shaolin Capital Management LLC lifted its stake in SK Growth Opportunities by 200.0% in the third quarter. Shaolin Capital Management LLC now owns 350,000 shares of the company's stock worth $3,763,000 after purchasing an additional 700,000 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in SK Growth Opportunities during the fourth quarter valued at about $5,405,000. Finally, Cowen AND Company LLC grew its stake in shares of SK Growth Opportunities by 782.5% during the third quarter. Cowen AND Company LLC now owns 1,095,223 shares of the company's stock valued at $11,774,000 after buying an additional 971,115 shares during the last quarter. 92.48% of the stock is currently owned by institutional investors.

SK Growth Opportunities Stock Performance

Shares of NASDAQ SKGR remained flat at $11.10 during trading hours on Friday. The company had a trading volume of 7,414 shares, compared to its average volume of 97,189. The business's 50-day moving average is $11.06 and its 200-day moving average is $10.93. SK Growth Opportunities has a 52 week low of $10.46 and a 52 week high of $11.60.

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.

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