Short Interest to Follow: What’s Next for SK Telecom Company Limited (NYSE:SKM) After Having Less Shares Shorted?

November 16, 2016 - By Dolores Ford   ·   0 Comments

Short Interest to Follow: What's Next for SK Telecom Company Limited (NYSE:SKM) After Having Less Shares Shorted?

The stock of SK Telecom Company Limited (NYSE:SKM) registered a decrease of 1.67% in short interest. SKM’s total short interest was 824,900 shares in November as published by FINRA. Its down 1.67% from 838,900 shares, reported previously. With 445,900 shares average volume, it will take short sellers 2 days to cover their SKM’s short positions. The short interest to SK Telecom Company Limited’s float is 0.18%. The stock increased 1.16% or $0.24 on November 15, hitting $20.96. SK Telecom Co Ltd (ADR) (NYSE:SKM) has risen 5.01% since April 14, 2016 and is uptrending. It has outperformed by 0.32% the S&P500.

SK Telecom Co., Ltd. provides wireless telecommunications in Korea. The company has a market cap of $15.05 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 10.3 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

Out of 4 analysts covering SK Telecom (NYSE:SKM), 1 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 25% are positive. SK Telecom has been the topic of 4 analyst reports since November 2, 2015 according to StockzIntelligence Inc. The firm has “Neutral” rating given on Tuesday, October 25 by Macquarie Research. The rating was downgraded by JP Morgan on Monday, November 2 to “Neutral”. The firm has “Hold” rating by HSBC given on Wednesday, April 27. CLSA upgraded the stock to “Buy” rating in Monday, October 24 report.

SKM Company Profile

SK Telecom Co., Ltd., incorporated on April 20, 1984, provides wireless telecommunications in Korea. 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 (IoT) solutions, lifestyle enhancement and advanced media. The Firm 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.

More recent SK Telecom Co Ltd (ADR) (NYSE:SKM) news were published by: Quotes.Wsj.com which released: “DOW JONES, A NEWS CORP COMPANY” on February 11, 2011. Also Seekingalpha.com published the news titled: “SK Telecom (SKM) Q2 2016 Results – Earnings Call Transcript” on August 01, 2016. Seekingalpha.com‘s news article titled: “SK Telecom (SKM) on Q1 2016 Results – Earnings Call Transcript” with publication date: May 01, 2016 was also an interesting one.

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By Dolores Ford


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