SK Telecom Co., Ltd. (NYSE:SKM) Short Interest Up 25.0% in February

SK Telecom Co., Ltd. (NYSE:SKM) was the target of a significant growth in short interest in the month of February. As of February 28th, there was short interest totalling 1,060,000 shares, a growth of 25.0% from the February 13th total of 847,900 shares. Approximately 0.3% of the company’s shares are sold short. Based on an average daily volume of 257,800 shares, the short-interest ratio is currently 4.1 days.

Institutional Investors Weigh In On SK Telecom

Hedge funds and other institutional investors have recently modified their holdings of the company. Integrated Wealth Concepts LLC raised its holdings in shares of SK Telecom by 3.6% in the 4th quarter. Integrated Wealth Concepts LLC now owns 13,465 shares of the Wireless communications provider’s stock worth $283,000 after acquiring an additional 472 shares during the last quarter. Vident Advisory LLC raised its stake in shares of SK Telecom by 0.8% in the fourth quarter. Vident Advisory LLC now owns 73,815 shares of the Wireless communications provider’s stock worth $1,553,000 after purchasing an additional 610 shares during the last quarter. Principal Securities Inc. lifted its holdings in shares of SK Telecom by 147.7% in the fourth quarter. Principal Securities Inc. now owns 1,209 shares of the Wireless communications provider’s stock valued at $25,000 after purchasing an additional 721 shares in the last quarter. Quadrant Capital Group LLC boosted its position in shares of SK Telecom by 15.2% during the fourth quarter. Quadrant Capital Group LLC now owns 5,797 shares of the Wireless communications provider’s stock valued at $122,000 after buying an additional 764 shares during the last quarter. Finally, GAMMA Investing LLC grew its holdings in SK Telecom by 34.4% during the fourth quarter. GAMMA Investing LLC now owns 3,019 shares of the Wireless communications provider’s stock worth $64,000 after buying an additional 773 shares in the last quarter.

Analyst Ratings Changes

Several brokerages have commented on SKM. StockNews.com downgraded SK Telecom from a “strong-buy” rating to a “buy” rating in a report on Wednesday, March 12th. UBS Group initiated coverage on SK Telecom in a research report on Wednesday, February 19th. They set a “buy” rating for the company. Finally, The Goldman Sachs Group cut SK Telecom from a “buy” rating to a “neutral” rating in a report on Monday, March 3rd. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold”.

SK Telecom Trading Up 1.4 %

NYSE SKM traded up $0.31 during trading hours on Monday, hitting $21.71. 271,941 shares of the company’s stock were exchanged, compared to its average volume of 244,783. The firm has a market cap of $8.55 billion, a price-to-earnings ratio of 8.86, a PEG ratio of 1.27 and a beta of 0.77. The stock has a 50-day simple moving average of $21.63 and a 200 day simple moving average of $22.43. The company has a current ratio of 0.91, a quick ratio of 0.88 and a debt-to-equity ratio of 0.48. SK Telecom has a 1-year low of $19.88 and a 1-year high of $24.58.

SK Telecom (NYSE:SKM) last announced its quarterly earnings data on Wednesday, February 12th. The Wireless communications provider reported $0.63 EPS for the quarter. SK Telecom had a net margin of 7.26% and a return on equity of 10.39%. On average, equities analysts forecast that SK Telecom will post 2.27 EPS for the current fiscal year.

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.