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

SK Telecom Co., Ltd. (NYSE:SKM) was the recipient of a significant decline in short interest in December. As of December 15th, there was short interest totaling 1,556,324 shares, a decline of 15.9% from the November 30th total of 1,850,796 shares. Approximately 0.4% of the company’s stock are short sold. Based on an average daily volume of 628,512 shares, the short-interest ratio is currently 2.5 days. Based on an average daily volume of 628,512 shares, the short-interest ratio is currently 2.5 days. Approximately 0.4% of the company’s stock are short sold.

Institutional Investors Weigh In On SK Telecom

Hedge funds have recently added to or reduced their stakes in the stock. Great Lakes Advisors LLC lifted its position in shares of SK Telecom by 543.6% during the first quarter. Great Lakes Advisors LLC now owns 593,312 shares of the Wireless communications provider’s stock worth $12,614,000 after purchasing an additional 501,125 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in shares of SK Telecom by 16.1% in the second quarter. Arrowstreet Capital Limited Partnership now owns 2,193,435 shares of the Wireless communications provider’s stock valued at $51,217,000 after purchasing an additional 303,646 shares in the last quarter. JPMorgan Chase & Co. raised its position in SK Telecom by 236.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 383,123 shares of the Wireless communications provider’s stock worth $8,946,000 after purchasing an additional 269,135 shares during the last quarter. Citadel Advisors LLC acquired a new position in SK Telecom during the 3rd quarter worth $4,319,000. Finally, Creative Planning boosted its position in SK Telecom by 108.0% in the 3rd quarter. Creative Planning now owns 347,750 shares of the Wireless communications provider’s stock valued at $7,511,000 after buying an additional 180,581 shares during the last quarter.

Analyst Ratings Changes

A number of research analysts have commented on SKM shares. Zacks Research upgraded SK Telecom from a “strong sell” rating to a “hold” rating in a research note on Monday, December 22nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of SK Telecom in a report on Monday. One investment analyst has rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold”.

SK Telecom Stock Down 0.7%

SKM opened at $20.52 on Wednesday. SK Telecom has a fifty-two week low of $19.66 and a fifty-two week high of $23.80. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.07 and a quick ratio of 1.03. The firm’s fifty day moving average price is $20.26 and its two-hundred day moving average price is $21.46. The company has a market capitalization of $8.08 billion, a P/E ratio of 30.63, a P/E/G ratio of 2.37 and a beta of 0.51.

SK Telecom (NYSE:SKM) last posted its earnings results on Friday, December 12th. The Wireless communications provider reported ($0.29) earnings per share (EPS) for the quarter. SK Telecom had a net margin of 3.60% and a return on equity of 5.30%. On average, analysts anticipate that SK Telecom will post 2.27 EPS for the current year.

About SK Telecom

SK Telecom Co, Ltd. (NYSE:SKM) is South Korea’s largest wireless carrier, offering a comprehensive range of mobile telecommunications services. The company operates 5G, 4G LTE and IoT networks, providing voice, data and messaging solutions to consumers and businesses. Beyond traditional wireless services, SK Telecom delivers fixed-line broadband, digital content platforms, cloud computing and cybersecurity offerings designed to support enterprise digital transformation and the growing demand for high-speed connectivity.

Established in 1984 as Korea Mobile Telecommunications Services, SK Telecom pioneered cellular service commercialization in South Korea and has continually expanded into new technology areas.