SK Telecom Co., Ltd. (NYSE:SKM) Short Interest Update

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

SK Telecom Stock Up 0.0 %

Shares of SK Telecom stock traded up $0.01 on Wednesday, hitting $21.21. The company had a trading volume of 221,773 shares, compared to its average volume of 227,264. The stock has a 50-day moving average of $22.15 and a 200-day moving average of $22.52. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.91 and a quick ratio of 0.94. SK Telecom has a twelve month low of $19.88 and a twelve month high of $24.58. The firm has a market capitalization of $9.36 billion, a P/E ratio of 9.82, a P/E/G ratio of 2.11 and a beta of 0.80.

Analyst Ratings Changes

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

Hedge Funds Weigh In On SK Telecom

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Robeco Institutional Asset Management B.V. boosted 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 acquiring an additional 98,323 shares during the last quarter. Citigroup Inc. boosted its holdings in SK Telecom by 0.3% during the third quarter. Citigroup Inc. now owns 811,850 shares of the Wireless communications provider’s stock worth $19,298,000 after purchasing an additional 2,737 shares during the last quarter. DGS Capital Management LLC boosted its holdings in SK Telecom by 14.7% during the third quarter. DGS Capital Management LLC now owns 212,324 shares of the Wireless communications provider’s stock worth $5,047,000 after purchasing an additional 27,173 shares during the last quarter. State Street Corp grew its position in SK Telecom by 1.4% in the third quarter. State Street Corp now owns 209,485 shares of the Wireless communications provider’s stock valued at $4,979,000 after purchasing an additional 2,883 shares in the last quarter. Finally, Meritage Portfolio Management increased its stake in SK Telecom by 45.6% in the 3rd 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 last quarter.

About SK Telecom

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.