SK Growth Opportunities Co. (NASDAQ:SKGRW) Sees Significant Decrease in Short Interest

On December 27th, 2024, it was reported that SK Growth Opportunities Co. (NASDAQ:SKGRW) experienced a notable drop in short interest during December. As of December 15th, the company had only 600 shares being sold short, which is a significant reduction of 75% from the previous total of 2,400 shares recorded on November 30th. Given the average daily trading volume of 35,600 shares, the short-interest ratio stands at a negligible 0.0 days.

Recent Hedge Fund Activity

In addition to the decrease in short interest, a hedge fund has recently acquired a new position in SK Growth Opportunities. K2 Principal Fund L.P. disclosed that it bought 184,157 shares of SK Growth Opportunities Co. in the second quarter, with the total purchase valued at around $44,000. This activity suggests some institutional interest in the company, despite its limited operations.

Performance of SK Growth Opportunities Stock

The stock of SK Growth Opportunities opened at $0.56 on the most recent trading day. An analysis of stock performance shows that the company has a 50-day moving average of $0.37 and a 200-day moving average of $0.30. Over the past year, the stock has fluctuated significantly, reaching a 52-week low of $0.06 and a peak of $0.65.

Company Overview

SK Growth Opportunities Corporation does not engage in substantial business operations currently. The company's primary focus is on completing mergers, share exchanges, asset acquisitions, or other business combinations with one or more entities. Established in 2021, the firm is headquartered in New York, New York.

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SKGRW, stocks, shortinterest