Short Interest in SK Growth Opportunities Co. (NASDAQ:SKGR) Rises By 27.8%

SK Growth Opportunities Co. (NASDAQ:SKGR) was the recipient of a significant growth in short interest in February. As of February 15th, there was short interest totalling 2,300 shares, a growth of 27.8% from the January 31st total of 1,800 shares. Currently, 0.0% of the shares of the stock 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 Performance

SKGR stock traded up $0.01 during trading on Wednesday, reaching $11.66. 2,311 shares of the company were exchanged, compared to its average volume of 67,024. SK Growth Opportunities has a 52-week low of $11.00 and a 52-week high of $12.32. The company has a market cap of $174.59 million, a P/E ratio of 53.00 and a beta of 0.02. The stock’s 50 day moving average price is $11.64 and its 200 day moving average price is $11.50.

Hedge Funds Weigh In On SK Growth Opportunities

Several hedge funds have recently bought and sold shares of SKGR. Toronto Dominion Bank purchased a new stake in shares of SK Growth Opportunities in the 4th quarter worth about $3,586,000. Linden Advisors LP boosted its stake in shares of SK Growth Opportunities by 233.3% during the fourth quarter. Linden Advisors LP now owns 500,000 shares of the company’s stock valued at $5,805,000 after acquiring an additional 350,000 shares during the last quarter. K2 Principal Fund L.P. acquired a new position in SK Growth Opportunities in the 4th quarter valued at about $2,142,000. Berkley W R Corp boosted its stake in shares of SK Growth Opportunities by 15.3% during the 4th quarter. Berkley W R Corp now owns 478,983 shares of the company’s stock worth $5,568,000 after purchasing an additional 63,449 shares during the last quarter. Finally, Westchester Capital Management LLC acquired a new position in shares of SK Growth Opportunities in the fourth quarter valued at approximately $4,253,000. 92.48% of the stock is owned by hedge funds and other institutional investors.

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.