SK Growth Opportunities Co. (NASDAQ:SKGR – Get Free Report) saw a significant decline in short interest during 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 trading volume of 88,200 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the company’s stock are sold short.
SK Growth Opportunities Price Performance
SK Growth Opportunities stock remained flat at $11.10 during trading on Friday. 7,415 shares of the company were exchanged, compared to its average volume of 136,088. SK Growth Opportunities has a one year low of $10.46 and a one year high of $11.60. The firm has a 50-day moving average of $11.06 and a 200 day moving average of $10.93.
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in the company. Quarry LP acquired a new stake in SK Growth Opportunities during the fourth quarter worth approximately $1,163,000. Shaolin Capital Management LLC raised its holdings in 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. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in SK Growth Opportunities during the fourth quarter worth approximately $5,405,000. Finally, Cowen AND Company LLC raised its holdings in 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. Hedge funds and other institutional investors own 92.48% of the company’s stock.
SK Growth Opportunities Company Profile
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.
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