Short Interest in SK Growth Opportunities Co. (NASDAQ:SKGRW) Grows By 350.0%

SK Growth Opportunities Co. (NASDAQ:SKGRW) was the recipient of a significant increase in short interest during the month of March. As of March 15th, there was short interest totalling 8,100 shares, an increase of 350.0% from the February 28th total of 1,800 shares. Based on an average daily volume of 25,700 shares, the short-interest ratio is presently 0.3 days.

Institutional Investors Weigh In On SK Growth Opportunities

A number of hedge funds have recently added to or reduced their stakes in the stock. Fort Baker Capital Management LP lifted its position in SK Growth Opportunities by 3.5% in the 4th quarter. Fort Baker Capital Management LP now owns 2,163,213 shares of the company’s stock valued at $1,298,000 after purchasing an additional 72,891 shares during the last quarter. K2 Principal Fund L.P. grew its holdings in SK Growth Opportunities by 209.2% in the 4th quarter. K2 Principal Fund L.P. now owns 569,365 shares of the company’s stock worth $342,000 after buying an additional 385,208 shares in the last quarter. Finally, Harraden Circle Investments LLC bought a new stake in SK Growth Opportunities during the 4th quarter valued at $368,000.

SK Growth Opportunities Stock Performance

SKGRW stock traded up $0.00 during midday trading on Friday, reaching $0.64. The company had a trading volume of 13,522 shares, compared to its average volume of 37,235. The stock has a 50 day moving average price of $0.53 and a 200 day moving average price of $0.42. SK Growth Opportunities has a fifty-two week low of $0.15 and a fifty-two week high of $0.71.

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.