912K shares changed hands by the end of trading on Friday. Volume was up 91.00% over the stocks average daily volume.
Traders are more bullish on SK Telecom Co., Ltd. lately as evidenced by the decrease in short interest. The company experienced a fall in short interest from July 31, 2017 to August 15, 2017 of -22.48%. Short interest decreased from 1,174,872 to 910,756 over that period. With short interest at 910,756 and short average daily volume at 646,332, the short-interest ratio is 1.0 and the percentage of shorted shares is 0.00% as of August 15.
A few notable investment firms have updated their holdings. As of quarter end Sensato Investors LLC had disposed of a total of 39,600 shares trimming its stake by 7.0%. The value of the investment in SKM went from $14,315,000 to $13,577,000 a change of 5.2% quarter to quarter. Ubs Group Ag added to its investment by buying 22,400 shares an increase of 134.4% from 03/31/2017 to 06/30/2017. Ubs Group Ag now controls 39,064 shares worth $1,003,000. The value of the position overall is up by 138.8%.
Trexquant Investment Lp expanded its ownership by buying 3,181 shares an increase of 33.0% in the quarter. Trexquant Investment Lp controls 12,818 shares valued at $329,000. The total value of its holdings increased 62.9%. As of the end of the quarter Bronfman E.l. Rothschild, L.p. had bought 782 shares growing its holdings by 156.1%. The value of the investment in SK Telecom Co., Ltd. increased from $13,000 to $33,000 a change of $20,000 since the last quarter.
The company is so far trading up by 3.17%% since yesterday’s close of 23.68. The company announced a dividend paid on Wednesday the 6th of September 2017. The dividend payment was $0.245 per share for the quarter or $0.98 on an annualized basis. The dividend yield was $4.08. The ex-dividend date was Monday the 29th of December 2008.
It is currently trading at $24.43 a bit lower than the 50 day moving average which is $26.29 and barely below the 200 day moving average of $24.87. The 50 day moving average was down by -7.08% and the 200 day average moved down $-0.44.
SK Telecom Co., Ltd. currently has a P/E ratio of 8.82 and the market value is 15.75B.
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..