SK Telecom Co., Ltd. (NYSE:SKM) Short Interest Update

SK Telecom Co., Ltd. (NYSE:SKM) saw a significant decline in short interest during the month of September. As of September 15th, there was short interest totalling 681,000 shares, a decline of 32.6% from the August 31st total of 1,010,000 shares. Based on an average trading volume of 249,600 shares, the short-interest ratio is presently 2.7 days. Approximately 0.2% of the shares of the stock are short sold.

SK Telecom Stock Performance

Shares of SKM stock traded down $0.13 during mid-day trading on Friday, hitting $24.34. 254,721 shares of the company’s stock were exchanged, compared to its average volume of 278,727. The stock has a 50-day simple moving average of $23.06 and a two-hundred day simple moving average of $21.77. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.98 and a quick ratio of 0.95. SK Telecom has a fifty-two week low of $19.42 and a fifty-two week high of $24.58.

SK Telecom (NYSE:SKM) last announced its quarterly earnings data on Tuesday, August 6th. The Wireless communications provider reported $0.63 earnings per share (EPS) for the quarter. The company had revenue of $3.22 billion during the quarter. SK Telecom had a net margin of 6.52% and a return on equity of 8.94%. As a group, analysts predict that SK Telecom will post 2.29 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of SK Telecom from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 7th.

Institutional Investors Weigh In On SK Telecom

A number of institutional investors have recently added to or reduced their stakes in the company. Promethos Capital LLC acquired a new stake in shares of SK Telecom in the first quarter worth $5,875,000. Teachers Retirement System of The State of Kentucky acquired a new stake in SK Telecom in the 1st quarter valued at $3,364,000. Meritage Portfolio Management purchased a new position in SK Telecom in the first quarter valued at about $2,691,000. Acadian Asset Management LLC lifted its stake in shares of SK Telecom by 79.6% during the first quarter. Acadian Asset Management LLC now owns 281,508 shares of the Wireless communications provider’s stock worth $6,068,000 after purchasing an additional 124,739 shares in the last quarter. Finally, AQR Capital Management LLC purchased a new stake in shares of SK Telecom in the second quarter worth about $1,570,000.

About SK Telecom

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.