Short Interest in SK Telecom Co., Ltd. (NYSE:SKM) Declines By 16.4%

SK Telecom Co., Ltd. (NYSE:SKM) was the recipient of a significant decline in short interest in November. As of November 15th, there was short interest totalling 440,500 shares, a decline of 16.4% from the October 31st total of 527,100 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 224,800 shares, the short-interest ratio is presently 2.0 days.

SK Telecom Stock Down 0.2 %

Shares of NYSE SKM opened at $24.22 on Monday. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.98 and a quick ratio of 0.95. The firm has a fifty day moving average of $23.03 and a 200-day moving average of $22.34. SK Telecom has a 52-week low of $19.88 and a 52-week high of $24.58.

Analysts Set New Price Targets

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

Institutional Trading of SK Telecom

Hedge funds have recently added to or reduced their stakes in the business. Connor Clark & Lunn Investment Management Ltd. bought a new position in SK Telecom during the third quarter valued at approximately $4,227,000. Teachers Retirement System of The State of Kentucky bought a new stake in SK Telecom during the 1st quarter valued at approximately $3,364,000. Robeco Institutional Asset Management B.V. grew its stake in shares of SK Telecom by 4.4% in the third 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 acquiring an additional 98,323 shares during the last quarter. AQR Capital Management LLC bought a new stake in SK Telecom in the 2nd quarter valued at $1,570,000. Finally, Meritage Portfolio Management lifted its stake in shares of SK Telecom by 45.6% in the third quarter. Meritage Portfolio Management now owns 178,392 shares of the Wireless communications provider’s stock valued at $4,240,000 after buying an additional 55,877 shares during the period.

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.