Short Interest in SK Growth Opportunities Co. (NASDAQ:SKGR) Grows By 50.0%

SK Growth Opportunities Co. (NASDAQ:SKGR) saw a significant increase in short interest in December. As of December 15th, there was short interest totalling 2,700 shares, an increase of 50.0% from the November 30th total of 1,800 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 81,900 shares, the short-interest ratio is presently 0.0 days.

Institutional Trading of SK Growth Opportunities

A number of institutional investors and hedge funds have recently modified their holdings of the company. Mizuho Securities USA LLC lifted its position in shares of SK Growth Opportunities by 555.6% during the 3rd quarter. Mizuho Securities USA LLC now owns 658,191 shares of the company’s stock worth $7,424,000 after purchasing an additional 557,801 shares during the last quarter. Wolverine Asset Management LLC bought a new stake in shares of SK Growth Opportunities in the third quarter valued at approximately $6,476,000. Berkley W R Corp grew its stake in shares of SK Growth Opportunities by 186.2% in the second quarter. Berkley W R Corp now owns 483,160 shares of the company’s stock worth $5,373,000 after acquiring an additional 314,317 shares during the last quarter. Quarry LP increased its position in SK Growth Opportunities by 164.4% during the third quarter. Quarry LP now owns 209,068 shares of the company’s stock worth $2,370,000 after acquiring an additional 130,000 shares during the period. Finally, Crossingbridge Advisors LLC acquired a new position in SK Growth Opportunities during the 3rd quarter valued at $1,981,000. 92.48% of the stock is currently owned by institutional investors and hedge funds.

SK Growth Opportunities Stock Performance

Shares of SKGR remained flat at $11.62 during trading hours on Friday. The stock had a trading volume of 6,834 shares, compared to its average volume of 77,352. The company’s 50 day simple moving average is $11.53 and its 200 day simple moving average is $11.34. SK Growth Opportunities has a 52 week low of $10.78 and a 52 week high of $12.32. The company has a market capitalization of $173.99 million, a P/E 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.