SK Growth Opportunities Co. (NASDAQ:SKGRW) Short Interest Up 350.0% in March

SK Growth Opportunities Co. (NASDAQ:SKGRW) was the target of a large growth in short interest in March. As of March 15th, there was short interest totalling 8,100 shares, a growth of 350.0% from the February 28th total of 1,800 shares. Based on an average daily volume of 25,700 shares, the short-interest ratio is presently 0.3 days.

Hedge Funds Weigh In On SK Growth Opportunities

Several hedge funds and other institutional investors have recently made changes to their positions in SKGRW. Fort Baker Capital Management LP raised its position in SK Growth Opportunities by 3.5% in the fourth quarter. Fort Baker Capital Management LP now owns 2,163,213 shares of the company’s stock valued at $1,298,000 after purchasing an additional 72,891 shares during the period. K2 Principal Fund L.P. boosted its position in shares of SK Growth Opportunities by 209.2% in the fourth quarter. K2 Principal Fund L.P. now owns 569,365 shares of the company’s stock worth $342,000 after buying an additional 385,208 shares during the period. Finally, Harraden Circle Investments LLC acquired a new stake in shares of SK Growth Opportunities in the fourth quarter valued at about $368,000.

SK Growth Opportunities Stock Down 9.2 %

Shares of SKGRW stock opened at $0.58 on Friday. SK Growth Opportunities has a fifty-two week low of $0.15 and a fifty-two week high of $0.71. The firm’s 50 day moving average price is $0.53 and its two-hundred day moving average price is $0.42.

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.