Short Interest in SK Telecom Co., Ltd. (NYSE:SKM) Declines By 22.9%

SK Telecom Co., Ltd. (NYSE:SKM) was the recipient of a large decrease in short interest during the month of December. As of December 31st, there was short interest totalling 554,900 shares, a decrease of 22.9% from the December 15th total of 719,800 shares. Based on an average daily volume of 239,100 shares, the days-to-cover ratio is currently 2.3 days. Currently, 0.1% of the shares of the company are short sold.

Institutional Trading of SK Telecom

Several institutional investors and hedge funds have recently bought and sold shares of the business. Natixis Advisors LLC raised its position in SK Telecom by 36.9% during the 3rd quarter. Natixis Advisors LLC now owns 97,156 shares of the Wireless communications provider’s stock worth $2,309,000 after buying an additional 26,206 shares during the last quarter. Dimensional Fund Advisors LP raised its position in SK Telecom by 64.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 62,780 shares of the Wireless communications provider’s stock worth $1,314,000 after buying an additional 24,538 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its position in SK Telecom by 4.4% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 2,355,009 shares of the Wireless communications provider’s stock worth $55,979,000 after buying an additional 98,323 shares during the last quarter. QRG Capital Management Inc. raised its position in SK Telecom by 100.8% during the 3rd quarter. QRG Capital Management Inc. now owns 48,004 shares of the Wireless communications provider’s stock worth $1,141,000 after buying an additional 24,103 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC raised its position in SK Telecom by 40.4% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 51,122 shares of the Wireless communications provider’s stock worth $1,070,000 after buying an additional 14,701 shares during the last quarter.

SK Telecom Price Performance

SKM stock traded up $0.25 on Friday, hitting $21.41. The company’s stock had a trading volume of 150,925 shares, compared to its average volume of 216,584. The firm has a 50 day moving average of $22.08 and a two-hundred day moving average of $22.50. SK Telecom has a 1 year low of $19.88 and a 1 year high of $24.58. The company has a quick ratio of 0.88, a current ratio of 0.91 and a debt-to-equity ratio of 0.48.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of SK Telecom from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 16th.

SK Telecom Company Profile

SK Telecom Co, Ltd. provides wireless telecommunication services in South Korea. The company operates through three segments: Cellular Services, Fixed-Line Telecommunications Services, and Other Businesses. The Cellular Services segment offers wireless voice and data transmission, Internet of Things solutions, platform, cloud, smart factory solutions, subscription, advertising and curated shopping under T Deal brand name, and metaverse platform-based services, as well as sells wireless devices.