K Wave Media, Ltd. (NASDAQ:KWM) Short Interest Update

K Wave Media, Ltd. (NASDAQ:KWM) was the recipient of a large decrease in short interest in December. As of December 15th, there was short interest totaling 277,945 shares, a decrease of 50.3% from the November 30th total of 559,688 shares. Based on an average trading volume of 826,113 shares, the short-interest ratio is currently 0.3 days. Currently, 1.3% of the company’s shares are short sold. Currently, 1.3% of the company’s shares are short sold. Based on an average trading volume of 826,113 shares, the short-interest ratio is currently 0.3 days.

K Wave Media Stock Performance

Shares of KWM stock traded up $0.01 during trading on Monday, reaching $0.40. The company’s stock had a trading volume of 535,919 shares, compared to its average volume of 1,650,364. K Wave Media has a 1-year low of $0.38 and a 1-year high of $8.48. The company has a 50-day simple moving average of $1.15.

Hedge Funds Weigh In On K Wave Media

An institutional investor recently bought a new position in K Wave Media stock. Vontobel Holding Ltd. purchased a new position in shares of K Wave Media, Ltd. (NASDAQ:KWM) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 16,419 shares of the company’s stock, valued at approximately $40,000. 62.18% of the stock is currently owned by hedge funds and other institutional investors.

About K Wave Media

K Wave Media engaged in the entertainment content and IP creation businesses. K Wave Media, formerly known as Global Star Acquisition Inc, is based in NEW YORK.