SK Growth Opportunities Co. (NASDAQ:SKGR) Sees Significant Growth in Short Interest

SK Growth Opportunities Co. (NASDAQ:SKGR) saw a significant growth in short interest in March. As of March 15th, there was short interest totalling 3,900 shares, a growth of 85.7% from the February 28th total of 2,100 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 44,500 shares, the short-interest ratio is presently 0.1 days.

Institutional Trading of SK Growth Opportunities

A number of hedge funds have recently bought and sold shares of the company. Harraden Circle Investments LLC bought a new stake in shares of SK Growth Opportunities in the 4th quarter valued at about $11,276,000. Mizuho Securities USA LLC increased its stake in shares of SK Growth Opportunities by 9.3% in the fourth quarter. Mizuho Securities USA LLC now owns 719,169 shares of the company’s stock worth $8,306,000 after buying an additional 60,978 shares during the period. Wolverine Asset Management LLC boosted its position in SK Growth Opportunities by 0.8% during the 4th quarter. Wolverine Asset Management LLC now owns 576,627 shares of the company’s stock valued at $6,703,000 after buying an additional 4,561 shares during the period. Linden Advisors LP grew its holdings in SK Growth Opportunities by 233.3% in the 4th quarter. Linden Advisors LP now owns 500,000 shares of the company’s stock worth $5,805,000 after acquiring an additional 350,000 shares during the last quarter. Finally, Berkley W R Corp increased its position in shares of SK Growth Opportunities by 15.3% in the fourth quarter. Berkley W R Corp now owns 478,983 shares of the company’s stock valued at $5,568,000 after acquiring an additional 63,449 shares during the period. Institutional investors own 92.48% of the company’s stock.

SK Growth Opportunities Stock Performance

SK Growth Opportunities stock traded down $0.03 during midday trading on Friday, hitting $12.65. 67,670 shares of the company’s stock were exchanged, compared to its average volume of 69,657. The company has a market cap of $189.41 million, a P/E ratio of 57.50 and a beta of 0.02. The stock has a 50-day moving average price of $11.71 and a two-hundred day moving average price of $11.57. SK Growth Opportunities has a 52-week low of $11.01 and a 52-week high of $13.40.

SK Growth Opportunities (NASDAQ:SKGR) last posted its quarterly earnings data on Thursday, March 27th. The company reported $0.07 earnings per share (EPS) for the quarter.

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.