Short Interest in SK Growth Opportunities Co. (NASDAQ:SKGR) Drops By 18.5%

SK Growth Opportunities Co. (NASDAQ:SKGR) was the recipient of a large decline in short interest in the month of December. As of December 31st, there was short interest totalling 2,200 shares, a decline of 18.5% from the December 15th total of 2,700 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 50,500 shares, the short-interest ratio is presently 0.0 days.

Institutional Investors Weigh In On SK Growth Opportunities

Several hedge funds have recently made changes to their positions in SKGR. Sculptor Capital LP raised its stake in SK Growth Opportunities by 1.3% during the 2nd quarter. Sculptor Capital LP now owns 116,509 shares of the company’s stock valued at $1,296,000 after purchasing an additional 1,509 shares during the period. Glazer Capital LLC purchased a new position in shares of SK Growth Opportunities during the third quarter valued at $113,000. FNY Investment Advisers LLC raised its position in SK Growth Opportunities by 50.6% during the fourth quarter. FNY Investment Advisers LLC now owns 90,499 shares of the company’s stock valued at $1,050,000 after buying an additional 30,399 shares during the period. Periscope Capital Inc. lifted its stake in SK Growth Opportunities by 61.3% in the 3rd quarter. Periscope Capital Inc. now owns 100,000 shares of the company’s stock worth $1,134,000 after acquiring an additional 38,007 shares in the last quarter. Finally, Virtu Financial LLC boosted its position in SK Growth Opportunities by 38.4% during the 2nd quarter. Virtu Financial LLC now owns 147,976 shares of the company’s stock worth $1,645,000 after acquiring an additional 41,065 shares during the period. Hedge funds and other institutional investors own 92.48% of the company’s stock.

SK Growth Opportunities Trading Up 0.1 %

SKGR stock opened at $11.64 on Friday. The firm has a 50-day moving average of $11.58 and a two-hundred day moving average of $11.38. The firm has a market capitalization of $174.25 million, a PE ratio of 52.91 and a beta of 0.02. SK Growth Opportunities has a one year low of $10.80 and a one year 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.