SK Growth Opportunities Co. (NASDAQ:SKGR) Short Interest Down 18.5% in January

SK Growth Opportunities Co. (NASDAQ:SKGR) was the recipient of a large drop in short interest in the month of January. As of January 15th, there was short interest totalling 2,200 shares, a drop of 18.5% from the December 31st total of 2,700 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 50,500 shares, the short-interest ratio is presently 0.0 days.

SK Growth Opportunities Stock Performance

NASDAQ:SKGR traded down $0.01 during mid-day trading on Thursday, reaching $11.64. 9,036 shares of the company’s stock were exchanged, compared to its average volume of 36,637. The business’s fifty day simple moving average is $11.60 and its two-hundred day simple moving average is $11.42. SK Growth Opportunities has a one year low of $10.80 and a one year high of $12.32. The firm has a market capitalization of $174.18 million, a PE ratio of 52.89 and a beta of 0.02.

Institutional Investors Weigh In On SK Growth Opportunities

Several institutional investors have recently made changes to their positions in SKGR. FNY Investment Advisers LLC raised its holdings in SK Growth Opportunities by 50.6% in the 4th quarter. FNY Investment Advisers LLC now owns 90,499 shares of the company’s stock valued at $1,050,000 after acquiring an additional 30,399 shares in the last quarter. Quarry LP increased its position in shares of SK Growth Opportunities by 164.4% in the third quarter. Quarry LP now owns 209,068 shares of the company’s stock worth $2,370,000 after purchasing an additional 130,000 shares during the period. Glazer Capital LLC acquired a new position in SK Growth Opportunities in the third quarter valued at about $113,000. Crossingbridge Advisors LLC bought a new stake in SK Growth Opportunities during the third quarter worth about $1,981,000. Finally, Periscope Capital Inc. grew its stake in SK Growth Opportunities by 61.3% during the third quarter. Periscope Capital Inc. now owns 100,000 shares of the company’s stock worth $1,134,000 after buying an additional 38,007 shares in the last quarter. 92.48% of the stock is currently owned by institutional investors.

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.