SK Growth Opportunities Co. (NASDAQ:SKGR) Sees Large Decline in Short Interest

SK Growth Opportunities Co. (NASDAQ:SKGR) was the target of a significant decrease in short interest in the month of April. As of April 15th, there was short interest totalling 6,500 shares, a decrease of 45.8% from the March 31st total of 12,000 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 88,200 shares, the short-interest ratio is presently 0.1 days.

Institutional Investors Weigh In On SK Growth Opportunities

Several hedge funds have recently modified their holdings of SKGR. Quarry LP purchased a new stake in SK Growth Opportunities in the 4th quarter valued at approximately $1,163,000. Shaolin Capital Management LLC lifted its holdings 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 buying an additional 700,000 shares during the period. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of SK Growth Opportunities in the 4th quarter valued at approximately $5,405,000. Finally, Cowen AND Company LLC boosted its stake in shares of SK Growth Opportunities by 782.5% in the third quarter. Cowen AND Company LLC now owns 1,095,223 shares of the company’s stock valued at $11,774,000 after buying an additional 971,115 shares in the last quarter. 92.48% of the stock is owned by institutional investors and hedge funds.

SK Growth Opportunities Stock Performance

Shares of SKGR stock remained flat at $11.10 during midday trading on Friday. The company’s stock had a trading volume of 7,415 shares, compared to its average volume of 136,088. The stock has a 50-day simple moving average of $11.06 and a 200 day simple moving average of $10.93. SK Growth Opportunities has a one year low of $10.46 and a one year high of $11.60.

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.