SK Growth Opportunities Co. (NASDAQ:SKGRW) Sees Significant Growth in Short Interest

SK Growth Opportunities Co. (NASDAQ:SKGRW) was the target of a large increase in short interest in 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 days-to-cover ratio is presently 0.3 days.

Hedge Funds Weigh In On SK Growth Opportunities

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SKGRW. Fort Baker Capital Management LP lifted its holdings in shares of 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 acquiring an additional 72,891 shares during the last quarter. K2 Principal Fund L.P. raised its position in SK Growth Opportunities by 209.2% during the fourth quarter. K2 Principal Fund L.P. now owns 569,365 shares of the company’s stock valued at $342,000 after purchasing an additional 385,208 shares during the period. Finally, Harraden Circle Investments LLC bought a new stake in shares of SK Growth Opportunities in the 4th quarter valued at approximately $368,000.

SK Growth Opportunities Stock Performance

Shares of SK Growth Opportunities stock opened at $0.66 on Thursday. SK Growth Opportunities has a twelve month low of $0.15 and a twelve month high of $0.71. The business has a 50-day moving average price of $0.53 and a 200-day moving average price of $0.42.

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.