SK Growth Opportunities Co. (NASDAQ:SKGR) Short Interest Update

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

Hedge Funds Weigh In On SK Growth Opportunities

A number of large investors have recently made changes to their positions in the company. Quarry LP purchased a new position in shares of SK Growth Opportunities during the 4th quarter worth about $1,163,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in SK Growth Opportunities in the 4th quarter valued at about $5,405,000. Shaolin Capital Management LLC boosted its position in 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. Finally, Cowen AND Company LLC boosted its position in SK Growth Opportunities by 782.5% in the 3rd 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 during the period. 92.48% of the stock is owned by hedge funds and other institutional investors.

SK Growth Opportunities Stock Performance

Shares of SKGR stock remained flat at $11.10 during trading hours on Friday. 7,415 shares of the company were exchanged, compared to its average volume of 136,088. SK Growth Opportunities has a 52-week low of $10.46 and a 52-week high of $11.60. The stock’s 50-day moving average is $11.06 and its 200-day moving average is $10.93.

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.