SK Telecom Co., Ltd. (NYSE:SKM – Get Free Report) was the target of a large decrease in short interest in September. As of September 15th, there was short interest totalling 681,000 shares, a decrease of 32.6% from the August 31st total of 1,010,000 shares. Approximately 0.2% of the company’s stock are sold short. Based on an average daily trading volume, of 249,600 shares, the short-interest ratio is currently 2.7 days.
SK Telecom Price Performance
SK Telecom stock traded down $0.13 during midday trading on Friday, hitting $24.34. 254,721 shares of the company’s stock were exchanged, compared to its average volume of 278,727. The company has a current ratio of 0.98, a quick ratio of 0.95 and a debt-to-equity ratio of 0.60. SK Telecom has a 12-month low of $19.42 and a 12-month high of $24.58. The firm’s 50 day simple moving average is $23.06 and its 200 day simple moving average is $21.77.
SK Telecom (NYSE:SKM – Get Free Report) last issued its quarterly earnings results on Tuesday, August 6th. The Wireless communications provider reported $0.63 earnings per share for the quarter. SK Telecom had a return on equity of 8.94% and a net margin of 6.52%. The firm had revenue of $3.22 billion during the quarter. Equities research analysts forecast that SK Telecom will post 2.29 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Analyst Upgrades and Downgrades
Separately, StockNews.com raised SK Telecom from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 7th.
Get Our Latest Research Report on SK Telecom
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.
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