SK Growth Opportunities Co. (NASDAQ:SKGRW) Short Interest Up 304.8% in February

Posted by Donald Scott on Feb 28th, 2025

SK Growth Opportunities Co. (NASDAQ:SKGRW – Get Free Report) was the target of a significant growth in short interest during the month of February. As of February 15th, there was short interest totalling 8,500 shares, a growth of 304.8% from the January 31st total of 2,100 shares. Based on an average trading volume of 24,400 shares, the days-to-cover ratio is presently 0.3 days.

SK Growth Opportunities Stock Performance

NASDAQ SKGRW opened at $0.60 on Friday. SK Growth Opportunities has a 1-year low of $0.15 and a 1-year high of $0.67. The stock’s 50 day simple moving average is $0.53 and its 200-day simple moving average is $0.39.

Institutional Investors Weigh In On SK Growth Opportunities

A hedge fund recently raised its stake in SK Growth Opportunities stock. K2 Principal Fund L.P. lifted its stake in SK Growth Opportunities Co. (NASDAQ:SKGRW – Free Report) by 209.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 569,365 shares of the company’s stock after purchasing an additional 385,208 shares during the quarter. K2 Principal Fund L.P.’s holdings in SK Growth Opportunities were worth $342,000 at the end of the most recent reporting period.

About SK Growth Opportunities

(Get Free Report)

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.