SK Telecom Co., Ltd. (NYSE:SKM - Get Rating) was the target of a large decline in short interest during the month of May. As of May 15th, there was short interest totalling 813,800 shares, a decline of 41.5% from the April 30th total of 1,390,000 shares. Based on an average daily volume of 528,600 shares, the short-interest ratio is currently 1.5 days. Currently, 0.2% of the shares of the company are short sold.
Institutional Investors Weigh In On SK Telecom
Institutional investors have recently added to or reduced their stakes in the stock. Unison Advisors LLC grew its stake in SK Telecom by 1.0% in the 4th quarter. Unison Advisors LLC now owns 74,211 shares of the Wireless communications provider's stock valued at $1,571,000 after buying an additional 700 shares during the last quarter. Mercer Global Advisors Inc. ADV increased its position in shares of SK Telecom by 2.4% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 30,606 shares of the Wireless communications provider's stock worth $630,000 after buying an additional 709 shares during the period. Bessemer Group Inc. grew its stake in SK Telecom by 10.6% in the third quarter. Bessemer Group Inc. now owns 8,058 shares of the Wireless communications provider's stock valued at $155,000 after acquiring an additional 770 shares during the period. Group One Trading L.P. raised its position in shares of SK Telecom by 69.8% during the first quarter. Group One Trading L.P. now owns 2,043 shares of the Wireless communications provider's stock worth $52,000 after purchasing an additional 840 shares during the period. Finally, Global Retirement Partners LLC grew its holdings in SK Telecom by 145.6% during the third quarter. Global Retirement Partners LLC now owns 1,552 shares of the Wireless communications provider's stock worth $30,000 after buying an additional 920 shares in the last quarter. 4.92% of the stock is owned by institutional investors.
SK Telecom Stock Down 1.3 %
Shares of SKM opened at $20.65 on Friday. The stock has a market cap of $9.18 billion, a price-to-earnings ratio of 54.34, a P/E/G ratio of 1.35 and a beta of 0.74. The company has a quick ratio of 0.88, a current ratio of 0.90 and a debt-to-equity ratio of 0.59. SK Telecom has a 12 month low of $18.26 and a 12 month high of $25.75. The company has a 50-day moving average price of $20.42 and a two-hundred day moving average price of $20.54.
SK Telecom (NYSE:SKM - Get Rating) last issued its quarterly earnings results on Friday, February 24th. The Wireless communications provider reported $0.08 earnings per share for the quarter. SK Telecom had a net margin of 5.78% and a return on equity of 8.60%. The business had revenue of $3.24 billion during the quarter. Equities analysts predict that SK Telecom will post 2.02 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
SKM has been the subject of several recent analyst reports. StockNews.com assumed coverage on SK Telecom in a report on Thursday, May 18th. They issued a "buy" rating for the company. Nomura cut SK Telecom from a "buy" rating to a "neutral" rating in a research note on Thursday, February 9th.
SK Telecom Company Profile
SK Telecom Co, Ltd. engages in the provision of wireless telecommunication and internet services. Its products include mobile phones, wireless data, information communication, and others. The company was founded on March 29, 1984 and is headquartered in Seoul, South Korea.
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