SK Growth Opportunities Co. (NASDAQ:SKGR) Short Interest Update

SK Growth Opportunities Co. (NASDAQ:SKGR) was the recipient of a significant increase in short interest during the month of March. As of March 15th, there was short interest totalling 14,700 shares, an increase of 79.3% from the February 29th total of 8,200 shares. Based on an average trading volume of 113,300 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the company’s shares are sold short.

SK Growth Opportunities Price Performance

Shares of SKGR stock traded down $0.03 during mid-day trading on Thursday, hitting $11.05. 95,959 shares of the company’s stock were exchanged, compared to its average volume of 81,805. The stock has a 50-day simple moving average of $11.04 and a two-hundred day simple moving average of $10.88. SK Growth Opportunities has a fifty-two week low of $10.41 and a fifty-two week high of $11.60.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Millennium Management LLC purchased a new position in SK Growth Opportunities during the fourth quarter worth approximately $10,180,000. Nomura Holdings Inc. purchased a new stake in SK Growth Opportunities during the fourth quarter valued at about $10,205,000. Cowen AND Company LLC increased its stake in SK Growth Opportunities by 782.5% during the third quarter. Cowen AND Company LLC now owns 1,095,223 shares of the company’s stock worth $11,774,000 after acquiring an additional 971,115 shares during the last quarter. Shaolin Capital Management LLC lifted its stake in shares of SK Growth Opportunities by 200.0% in the 3rd quarter. Shaolin Capital Management LLC now owns 350,000 shares of the company’s stock valued at $3,763,000 after purchasing an additional 700,000 shares in the last quarter. Finally, Aristeia Capital LLC grew its holdings in shares of SK Growth Opportunities by 1,138.9% during the 2nd quarter. Aristeia Capital LLC now owns 681,418 shares of the company’s stock worth $7,216,000 after purchasing an additional 626,418 shares during the period. 92.48% of the stock is currently 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.