SK Telecom Co., Ltd. (NYSE:SKM - Get Free Report) was the target of a significant drop in short interest during the month of March. As of March 31st, there was short interest totalling 774,800 shares, a drop of 16.7% from the March 15th total of 929,700 shares. Based on an average trading volume of 307,100 shares, the short-interest ratio is presently 2.5 days. Approximately 0.2% of the shares of the company are sold short.
Institutional Investors Weigh In On SK Telecom
A number of hedge funds and other institutional investors have recently bought and sold shares of SKM. Principal Securities Inc. increased its holdings in shares of SK Telecom by 147.7% in the 4th quarter. Principal Securities Inc. now owns 1,209 shares of the Wireless communications provider's stock valued at $25,000 after purchasing an additional 721 shares in the last quarter. Parallel Advisors LLC grew its position in SK Telecom by 55.0% during the first quarter. Parallel Advisors LLC now owns 2,490 shares of the Wireless communications provider's stock worth $53,000 after buying an additional 884 shares during the period. Matthews International Capital Management LLC increased its holdings in SK Telecom by 102.5% in the fourth quarter. Matthews International Capital Management LLC now owns 2,550 shares of the Wireless communications provider's stock valued at $54,000 after buying an additional 1,291 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of SK Telecom by 34.4% during the 4th quarter. GAMMA Investing LLC now owns 3,019 shares of the Wireless communications provider's stock valued at $64,000 after acquiring an additional 773 shares during the period. Finally, Quadrant Capital Group LLC grew its holdings in shares of SK Telecom by 15.2% in the 4th quarter. Quadrant Capital Group LLC now owns 5,797 shares of the Wireless communications provider's stock worth $122,000 after acquiring an additional 764 shares during the period.
SK Telecom Stock Performance
Shares of SK Telecom stock traded down $0.27 on Friday, reaching $22.44. 350,900 shares of the stock were exchanged, compared to its average volume of 269,104. The firm has a market capitalization of $8.84 billion, a PE ratio of 9.16, a PEG ratio of 1.27 and a beta of 0.71. SK Telecom has a 1-year low of $20.28 and a 1-year high of $24.58. The business has a fifty day moving average price of $21.81 and a two-hundred day moving average price of $22.02. The company has a current ratio of 0.91, a quick ratio of 0.88 and a debt-to-equity ratio of 0.48.
SK Telecom (NYSE:SKM - Get Free Report) last released its earnings results on Wednesday, February 12th. The Wireless communications provider reported $0.63 earnings per share (EPS) for the quarter. SK Telecom had a return on equity of 10.39% and a net margin of 7.26%. As a group, research analysts anticipate that SK Telecom will post 2.27 earnings per share for the current fiscal year.
Analysts Set New Price Targets
Several analysts recently commented on SKM shares. UBS Group started coverage on shares of SK Telecom in a research report on Wednesday, February 19th. They issued a "buy" rating for the company. The Goldman Sachs Group downgraded SK Telecom from a "buy" rating to a "neutral" rating in a research note on Monday, March 3rd. Finally, StockNews.com upgraded SK Telecom from a "buy" rating to a "strong-buy" rating in a research note on Friday, April 18th. Three research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy".
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SK Telecom Company Profile
(
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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.
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