SK Telecom Co., Ltd. (NYSE:SKM) Sees Heavy Trading Volume with 912K Shares Changing Hands

Advertisement

912K shares changed hands in the last trading session. Overall, volume was up 91.00% over the stocks normal daily volume.

Traders are a little more bullish of late if you look at the fall in short interest. The stock saw a fall in short interest of -22.48% between July 31, 2017 and August 15, 2017. Short shares fell from 1,174,872 to 910,756 over that timeframe. The short-interest ratio increased to 1.0 and the short interest percentage is 0.00% as of August 15.

These funds have shifted positions in (SKM). Sensato Investors LLC divested its position by shedding 39,600 shares a decrease of 7.0% in the quarter. Sensato Investors LLC currently owns 528,900 shares valued at $13,577,000. The total value of its holdings decreased 5.2%. As of quarter end Ubs Group Ag had bought a total of 22,400 shares growing its holdings by 134.4%. The value of the investment in (SKM) increased from $420,000 to $1,003,000 a change of $583,000 quarter to quarter.

As of the end of the quarter Trexquant Investment Lp had acquired 3,181 shares growing its position 33.0%. The value of the total investment in SK Telecom Co., Ltd. went from $202,000 to $329,000 a change of 62.9% since the last quarter. As of the end of the quarter Bronfman E.l. Rothschild, L.p. had acquired 782 shares growing its stake by 156.1%. The value in dollars increased from $13,000 to $33,000 increasing 153.8% quarter over quarter.

The company is now up by 3.17%% since yesterday’s close of 23.68. Additionally the company recently declared a dividend that was paid on Wed Sep 6, 2017. The dividend payment was $0.245 per share for the quarter which comes to $0.98 on an annualized basis. This dividend amount was represent a yeild of $4.08. The ex-dividend date was Monday the 29th of December 2008.

It is currently trading at $24.43 slightly below $26.29, the stock’s 50 day moving average and which is just a bit below the 200 day moving average of $24.87. The 50 day moving average was down $-1.86 and the 200 day average went down $-0.44 or -1.75%.

The P/E ratio is 8.82 and market capitalization is 15.75B.

SK Telecom Co., Ltd., launched on April 20, 1984, provides wireless telecommunications in Korea. The Company is involved in the commercial development and implementation of wireless and fixed-line technologies and services, as well as develop its platforms, including Internet of things (IoT) solutions, lifestyle enhancement and advanced media. The Company operates through three segments: cellular services, which include wireless voice and data transmission services, sales of wireless devices, IoT solutions platform services and lifestyle enhancement platform services; fixed-line telecommunication services, which include fixed-line telephone services, broadband Internet services, advanced media platform services (including Internet Protocol television (IPTV)) and business communications services, and other businesses, which include its commerce business, its hardware business and other operations..