Short Interest in SK Growth Opportunities Co. (NASDAQ:SKGR) Grows By 24.0%

SK Growth Opportunities Co. (NASDAQ:SKGR) was the recipient of a significant increase in short interest in the month of July. As of July 15th, there was short interest totalling 3,100 shares, an increase of 24.0% from the June 30th total of 2,500 shares. Based on an average daily volume of 30,200 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the shares of the company are sold short.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of SK Growth Opportunities in the fourth quarter valued at $5,405,000. Berkley W R Corp acquired a new stake in shares of SK Growth Opportunities in the first quarter valued at $1,867,000. Quarry LP acquired a new stake in shares of SK Growth Opportunities in the fourth quarter valued at $1,163,000. Virtu Financial LLC acquired a new stake in shares of SK Growth Opportunities in the first quarter valued at $1,182,000. Finally, Fifth Lane Capital LP acquired a new stake in shares of SK Growth Opportunities in the first quarter valued at $553,000. 92.48% of the stock is owned by institutional investors.

SK Growth Opportunities Price Performance

SKGR stock remained flat at $11.18 during midday trading on Monday. The company had a trading volume of 295 shares, compared to its average volume of 67,900. SK Growth Opportunities has a 52-week low of $10.63 and a 52-week high of $11.60. The stock’s 50 day simple moving average is $11.13 and its 200-day simple moving average is $11.08.

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.