Short Interest in SK Growth Opportunities Co. (NASDAQ:SKGR) Drops By 40.0%

SK Growth Opportunities Co. (NASDAQ:SKGR) saw a significant drop in short interest during the month of January. As of January 31st, there was short interest totalling 1,800 shares, a drop of 40.0% from the January 15th total of 3,000 shares. Based on an average daily volume of 40,100 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the shares of the company are sold short.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Wolverine Asset Management LLC acquired a new stake in shares of SK Growth Opportunities in the third quarter worth $6,476,000. Mizuho Securities USA LLC increased its holdings in shares of SK Growth Opportunities by 555.6% during the 3rd 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 period. Periscope Capital Inc. increased its holdings in shares of SK Growth Opportunities by 61.3% during the 3rd quarter. Periscope Capital Inc. now owns 100,000 shares of the company’s stock worth $1,134,000 after purchasing an additional 38,007 shares during the period. Crossingbridge Advisors LLC acquired a new position in shares of SK Growth Opportunities during the third quarter valued at about $1,981,000. Finally, Glazer Capital LLC bought a new stake in shares of SK Growth Opportunities in the third quarter valued at about $113,000. 92.48% of the stock is owned by institutional investors.

SK Growth Opportunities Stock Performance

Shares of SK Growth Opportunities stock traded up $0.01 during trading on Thursday, reaching $11.66. The company’s stock had a trading volume of 3,413 shares, compared to its average volume of 33,947. SK Growth Opportunities has a one year low of $10.80 and a one year high of $12.32. The firm has a market cap of $174.48 million, a price-to-earnings ratio of 52.98 and a beta of 0.02. The business’s fifty day moving average price is $11.62 and its 200-day moving average price is $11.45.

SK Growth Opportunities Company Profile

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.