SK Growth Opportunities Co. (NASDAQ:SKGR) Short Interest Down 45.8% in April

SK Growth Opportunities Co. (NASDAQ:SKGR) was the recipient of 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 daily volume of 88,200 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.1% of the shares of the stock are sold short.

Hedge Funds Weigh In On SK Growth Opportunities

Institutional investors have recently bought and sold shares of the business. Cowen AND Company LLC raised its position in shares of SK Growth Opportunities by 782.5% during 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 in the last quarter. Shaolin Capital Management LLC raised its position 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 valued at $3,763,000 after purchasing an additional 700,000 shares during the period. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of SK Growth Opportunities in the 4th quarter valued at approximately $5,405,000. Finally, Quarry LP purchased a new position in shares of SK Growth Opportunities in the 4th quarter worth approximately $1,163,000. Institutional investors own 92.48% of the company’s stock.

SK Growth Opportunities Stock Performance

Shares of SKGR stock remained flat at $11.10 on Friday. 7,414 shares of the company were exchanged, compared to its average volume of 97,189. The stock’s 50-day simple moving average is $11.06 and its two-hundred day simple moving average is $10.93. SK Growth Opportunities has a 1 year low of $10.46 and a 1 year high of $11.60.

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.