SK Growth Opportunities Co. (NASDAQ:SKGR - Get Free Report) saw a significant increase in short interest in the month of March. As of March 31st, there was short interest totalling 43,300 shares, an increase of 1,010.3% from the March 15th total of 3,900 shares. Based on an average daily trading volume, of 57,200 shares, the short-interest ratio is currently 0.8 days. Currently, 0.5% of the company's shares are sold short.
Institutional Trading of SK Growth Opportunities
Institutional investors and hedge funds have recently made changes to their positions in the company. Geode Capital Management LLC increased its holdings in SK Growth Opportunities by 8.8% during the fourth quarter. Geode Capital Management LLC now owns 12,412 shares of the company's stock worth $144,000 after buying an additional 1,009 shares during the last quarter. Virtu Financial LLC bought a new stake in shares of SK Growth Opportunities in the 4th quarter worth approximately $320,000. FNY Investment Advisers LLC lifted its stake in SK Growth Opportunities by 50.6% in the fourth quarter. FNY Investment Advisers LLC now owns 90,499 shares of the company's stock valued at $1,050,000 after purchasing an additional 30,399 shares during the last quarter. K2 Principal Fund L.P. bought a new position in SK Growth Opportunities during the fourth quarter valued at $2,142,000. Finally, DLD Asset Management LP purchased a new stake in SK Growth Opportunities in the fourth quarter worth $3,487,000. Hedge funds and other institutional investors own 92.48% of the company's stock.
SK Growth Opportunities Trading Up 2.6 %
SKGR stock traded up $0.30 during mid-day trading on Friday, reaching $11.74. The company's stock had a trading volume of 185,886 shares, compared to its average volume of 64,427. The company has a market cap of $175.77 million, a price-to-earnings ratio of 53.36 and a beta of -0.03. SK Growth Opportunities has a 12 month low of $10.39 and a 12 month high of $13.40. The business's 50 day moving average price is $11.70 and its 200 day moving average price is $11.60.
SK Growth Opportunities (NASDAQ:SKGR - Get Free Report) last issued its earnings results on Thursday, March 27th. The company reported $0.07 EPS for the quarter.
About SK Growth Opportunities
(
Get Free Report)
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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