SK Growth Opportunities Co. (NASDAQ:SKGR) Short Interest Down 18.5% in December

SK Growth Opportunities Co. (NASDAQ:SKGR) was the target of a large decrease in short interest in the month of December. As of December 31st, there was short interest totalling 2,200 shares, a decrease of 18.5% from the December 15th total of 2,700 shares. Based on an average daily volume of 50,500 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are sold short.

Institutional Investors Weigh In On SK Growth Opportunities

Several institutional investors have recently modified their holdings of the company. Glazer Capital LLC acquired a new position in shares of SK Growth Opportunities during the 3rd quarter worth $113,000. FNY Investment Advisers LLC grew its position in shares of 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 purchasing an additional 30,399 shares during the last quarter. Periscope Capital Inc. increased its stake 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 in the last quarter. Sculptor Capital LP raised its position in shares of SK Growth Opportunities by 1.3% during the 2nd quarter. Sculptor Capital LP now owns 116,509 shares of the company’s stock worth $1,296,000 after purchasing an additional 1,509 shares during the last quarter. Finally, Virtu Financial LLC lifted its stake in SK Growth Opportunities by 38.4% in the 2nd quarter. Virtu Financial LLC now owns 147,976 shares of the company’s stock valued at $1,645,000 after buying an additional 41,065 shares in the last quarter. Hedge funds and other institutional investors own 92.48% of the company’s stock.

SK Growth Opportunities Trading Down 0.2 %

Shares of SKGR traded down $0.02 during trading hours on Friday, reaching $11.62. The company had a trading volume of 56,602 shares, compared to its average volume of 30,974. SK Growth Opportunities has a 12-month low of $10.80 and a 12-month high of $12.32. The firm has a 50 day simple moving average of $11.58 and a 200-day simple moving average of $11.39. The company has a market capitalization of $173.95 million, a price-to-earnings ratio of 52.82 and a beta of 0.02.

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.