SK Telecom Company Limited (NYSE:SKM) Short Interest Increased By 19.35%

July 12, 2017 - By Kurt Siggers

 SK Telecom Company Limited (NYSE:SKM) Short Interest Increased By 19.35%

The stock of SK Telecom Company Limited (NYSE:SKM) registered an increase of 19.35% in short interest. SKM’s total short interest was 2.26 million shares in July as published by FINRA. Its up 19.35% from 1.89 million shares, reported previously. With 497,200 shares average volume, it will take short sellers 5 days to cover their SKM’s short positions.

About 166,388 shares traded. SK Telecom Co Ltd (ADR) (NYSE:SKM) has risen 24.69% since July 12, 2016 and is uptrending. It has outperformed by 7.99% the S&P500.

SK Telecom Co., Ltd. provides wireless telecommunications in Korea. The company has market cap of $18.53 billion. The Firm is engaged in the commercial development and implementation of wireless and fixed-line technologies and services, as well as develop its platforms, including Internet of things solutions, lifestyle enhancement and advanced media. It has a 10.98 P/E ratio. It operates through three divisions: cellular services, which include wireless voice and data transmission services, sales of wireless devices, IoT solutions platform services and lifestyle enhancement platform services; fixed-line telecommunication services, which include fixed-line telephone services, broadband Internet services, advanced media platform services (including Internet Protocol television (IPTV)) and business communications services, and other businesses, which include its commerce business, its hardware business and other operations.

SK Telecom Co Ltd (ADR) (NYSE:SKM) Ratings Coverage

Among 4 analysts covering SK Telecom (NYSE:SKM), 1 have Buy rating, 0 Sell and 3 Hold. Therefore 25% are positive. SK Telecom had 4 analyst reports since November 2, 2015 according to SRatingsIntel. JP Morgan downgraded SK Telecom Co Ltd (ADR) (NYSE:SKM) on Monday, November 2 to “Neutral” rating. The firm has “Buy” rating given on Monday, October 24 by CLSA. The rating was downgraded by Macquarie Research to “Neutral” on Tuesday, October 25. The firm has “Hold” rating by HSBC given on Wednesday, April 27.

Another recent and important SK Telecom Co Ltd (ADR) (NYSE:SKM) news was published by Benzinga.com which published an article titled: “25 Stocks Moving In Thursday’s Pre-Market Session” on July 06, 2017.

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