K Wave Media, Ltd. (NASDAQ:KWM) Short Interest Up 118.8% in December

K Wave Media, Ltd. (NASDAQ:KWM) was the target of a large growth in short interest during the month of December. As of December 31st, there was short interest totaling 608,082 shares, a growth of 118.8% from the December 15th total of 277,945 shares. Based on an average daily trading volume, of 688,534 shares, the days-to-cover ratio is presently 0.9 days. Approximately 2.8% of the shares of the company are sold short. Approximately 2.8% of the shares of the company are sold short. Based on an average daily trading volume, of 688,534 shares, the days-to-cover ratio is presently 0.9 days.

K Wave Media Stock Performance

Shares of NASDAQ KWM traded up $0.06 during trading hours on Thursday, hitting $0.54. 382,387 shares of the company’s stock were exchanged, compared to its average volume of 504,508. K Wave Media has a 1-year low of $0.38 and a 1-year high of $8.48. The firm has a 50-day moving average of $0.71.

Hedge Funds Weigh In On K Wave Media

A hedge fund recently bought a new stake in K Wave Media stock. Jane Street Group LLC acquired a new stake in shares of K Wave Media, Ltd. (NASDAQ:KWM) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 12,101 shares of the company’s stock, valued at approximately $41,000. Jane Street Group LLC owned 0.42% of K Wave Media at the end of the most recent quarter. 62.18% of the stock is owned by hedge funds and other institutional investors.

K Wave Media Company Profile

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.