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 in February. As of February 15th, there was short interest totalling 2,300 shares, a growth of 27.8% from the January 31st total of 1,800 shares. Based on an average trading volume of 35,300 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are short sold.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of SKGR. Harraden Circle Investments LLC bought a new position in SK Growth Opportunities during the 4th quarter worth approximately $11,276,000. Wolverine Asset Management LLC purchased a new stake in shares of SK Growth Opportunities during the third quarter valued at approximately $6,476,000. Mizuho Securities USA LLC grew its holdings in shares of SK Growth Opportunities by 555.6% in the third quarter. Mizuho Securities USA LLC now owns 658,191 shares of the company’s stock worth $7,424,000 after purchasing an additional 557,801 shares during the last quarter. Westchester Capital Management LLC bought a new stake in SK Growth Opportunities during the 4th quarter valued at $4,253,000. Finally, Linden Advisors LP boosted its position in SK Growth Opportunities by 233.3% during the 4th quarter. Linden Advisors LP now owns 500,000 shares of the company’s stock valued at $5,805,000 after buying an additional 350,000 shares during the period. 92.48% of the stock is owned by institutional investors.

SK Growth Opportunities Stock Down 0.1 %

Shares of NASDAQ SKGR traded down $0.01 during trading hours on Thursday, reaching $11.65. 100 shares of the stock traded hands, compared to its average volume of 31,468. The company’s 50-day simple moving average is $11.64 and its two-hundred day simple moving average is $11.50. The company has a market capitalization of $174.44 million, a P/E ratio of 52.96 and a beta of 0.02. SK Growth Opportunities has a 52-week low of $11.00 and a 52-week high of $12.32.

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.