SK Growth Opportunities Co. (NASDAQ:SKGRW) Short Interest Up 304.8% in February

SK Growth Opportunities Co. (NASDAQ:SKGRW) was the target of a large increase in short interest in February. As of February 15th, there was short interest totalling 8,500 shares, an increase of 304.8% from the January 31st total of 2,100 shares. Based on an average daily trading volume, of 24,400 shares, the days-to-cover ratio is currently 0.3 days.

SK Growth Opportunities Price Performance

SKGRW stock traded down $0.11 during trading on Friday, hitting $0.49. The company had a trading volume of 17,060 shares, compared to its average volume of 19,233. The company has a fifty day moving average price of $0.53 and a two-hundred day moving average price of $0.39. SK Growth Opportunities has a fifty-two week low of $0.15 and a fifty-two week high of $0.67.

Hedge Funds Weigh In On SK Growth Opportunities

A hedge fund recently raised its stake in SK Growth Opportunities stock. K2 Principal Fund L.P. grew its holdings in SK Growth Opportunities Co. (NASDAQ:SKGRW) by 209.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 569,365 shares of the company’s stock after purchasing an additional 385,208 shares during the quarter. K2 Principal Fund L.P.’s holdings in SK Growth Opportunities were worth $342,000 as of its most recent filing with the SEC.

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.