SK Growth Opportunities Co. (NASDAQ:SKGR) Short Interest Up 27.8% in February

SK Growth Opportunities Co. (NASDAQ:SKGR) saw a large increase in short interest during the month of February. As of February 15th, there was short interest totalling 2,300 shares, an increase of 27.8% from the January 31st total of 1,800 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average trading volume of 35,300 shares, the days-to-cover ratio is presently 0.1 days.

SK Growth Opportunities Stock Up 0.1 %

Shares of SKGR traded up $0.01 during mid-day trading on Wednesday, hitting $11.66. The company had a trading volume of 2,311 shares, compared to its average volume of 67,024. The stock has a market cap of $174.59 million, a PE ratio of 53.00 and a beta of 0.02. SK Growth Opportunities has a 1-year low of $11.00 and a 1-year high of $12.32. The business’s 50-day simple moving average is $11.64 and its 200-day simple moving average is $11.50.

Institutional Investors Weigh In On SK Growth Opportunities

A number of institutional investors have recently added to or reduced their stakes in the company. Crossingbridge Advisors LLC purchased a new position in shares of SK Growth Opportunities in the 3rd quarter valued at $1,981,000. Wolverine Asset Management LLC acquired a new position in SK Growth Opportunities during the 3rd quarter worth approximately $6,476,000. Quarry LP boosted its holdings in SK Growth Opportunities by 164.4% in the 3rd quarter. Quarry LP now owns 209,068 shares of the company’s stock worth $2,370,000 after acquiring an additional 130,000 shares during the period. FNY Investment Advisers LLC grew its position in SK Growth Opportunities by 50.6% in the fourth quarter. FNY Investment Advisers LLC now owns 90,499 shares of the company’s stock valued at $1,050,000 after acquiring an additional 30,399 shares in the last quarter. Finally, Periscope Capital Inc. raised its stake in shares of SK Growth Opportunities by 61.3% during the third quarter. Periscope Capital Inc. now owns 100,000 shares of the company’s stock valued at $1,134,000 after purchasing an additional 38,007 shares during the period. Hedge funds and other institutional investors own 92.48% of the company’s stock.

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.