Short traders are feeling a little more bullish on SK Telecom Co., Ltd. of late as evidenced by the change in short interest. The company realized a fall in short interest of -22.48% as of August 15, 2017 from the last reporting period. Short shares fell 264,116 over that period. Days to cover increased from 0.0 to 1.0 and the percentage of shorted shares is 0.00% as of August 15.
The following firms have recently changed their position in SKM. As of the end of the quarter Sensato Investors LLC had disposed of a total of 39,600 shares trimming its stake by 7.0%. The value of the company’s investment in SK Telecom Co., Ltd. decreased from $14,315,000 to $13,577,000 decreasing 5.2% for the reporting period. As of quarter end Ubs Group Ag had bought 22,400 shares growing its holdings by 134.4%. The value of the investment in SK Telecom Co., Ltd. went from $420,000 to $1,003,000 a change of 138.8% since the last quarter.
Trexquant Investment Lp grew its holdings by buying 3,181 shares an increase of 33.0% in the quarter. Trexquant Investment Lp now controls 12,818 shares with a value of $329,000. The total value of its holdings increased 62.9%. Bronfman E.l. Rothschild, L.p. added to its investment by buying 782 shares an increase of 156.1% from 03/31/2017 to 06/30/2017. Bronfman E.l. Rothschild, L.p. owns 1,283 shares valued at $33,000. The value of the position overall is up by 153.8%.
The company is now down since yesterday’s close of 24.43. Additionally SK Telecom Co., Ltd. recently declared a dividend for shareholders that was paid on Wednesday the 6th of September 2017. The dividend payment was $0.245 per share for the quarter or $0.98 annualized. This dividend represents a yield of $4.13. The ex-dividend date was Monday the 29th of December 2008.
Shares of the company are trading at $24.26 a tad below the 50 day moving average which is $26.24 and a bit lower than the 200 day moving average of $24.86. The 50 day moving average moved down $-1.98 whereas the 200 day moving average was down $-0.60 or -2.42%.
SK Telecom Co., Ltd. currently has a P/E ratio of 8.76 and market cap is 15.64B.
SK Telecom Co., Ltd., launched on April 20, 1984, provides wireless telecommunications in Korea. The Company is involved in the commercial development and implementation of wireless and fixed-line technologies and services, as well as develop its platforms, including Internet of things (IoT) solutions, lifestyle enhancement and advanced media. The Company operates through three segments: 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..