SK Growth Opportunities Co. (NASDAQ:SKGR) Short Interest Down 18.4% in March

SK Growth Opportunities Co. (NASDAQ:SKGR) saw a significant decline in short interest in March. As of March 31st, there was short interest totalling 12,000 shares, a decline of 18.4% from the March 15th total of 14,700 shares. Based on an average daily trading volume, of 67,800 shares, the short-interest ratio is presently 0.2 days. Currently, 0.1% of the company’s stock are sold short.

Hedge Funds Weigh In On SK Growth Opportunities

A number of large investors have recently made changes to their positions in SKGR. Millennium Management LLC acquired a new position in shares of SK Growth Opportunities during the fourth quarter worth $10,180,000. Nomura Holdings Inc. acquired a new position in shares of SK Growth Opportunities during the fourth quarter worth $10,205,000. Cowen AND Company LLC increased its position in shares of SK Growth Opportunities by 782.5% during the third quarter. Cowen AND Company LLC now owns 1,095,223 shares of the company’s stock worth $11,774,000 after purchasing an additional 971,115 shares in the last quarter. Shaolin Capital Management LLC increased its position in shares of SK Growth Opportunities by 200.0% during the third quarter. Shaolin Capital Management LLC now owns 350,000 shares of the company’s stock worth $3,763,000 after purchasing an additional 700,000 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of SK Growth Opportunities during the fourth quarter worth $5,405,000. 92.48% of the stock is owned by institutional investors and hedge funds.

SK Growth Opportunities Stock Performance

Shares of SKGR stock traded down $0.01 during trading hours on Friday, reaching $11.07. 10,357 shares of the company’s stock were exchanged, compared to its average volume of 137,671. The stock’s 50 day moving average is $11.06 and its 200-day moving average is $10.91. SK Growth Opportunities has a fifty-two week low of $10.42 and a fifty-two week 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.