K Wave Media, Ltd. (NASDAQ:KWM) Short Interest Up 1,112.9% in July

K Wave Media, Ltd. (NASDAQ:KWM) was the recipient of a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 1,230,606 shares, a growth of 1,112.9% from the July 15th total of 101,458 shares. Approximately 165.0% of the shares of the stock are sold short. Based on an average trading volume of 31,886,121 shares, the days-to-cover ratio is presently 0.0 days.

K Wave Media Stock Up 1.0%

NASDAQ:KWM traded up $0.02 during mid-day trading on Thursday, hitting $2.25. 9,670 shares of the company’s stock were exchanged, compared to its average volume of 122,952. K Wave Media has a fifty-two week low of $2.02 and a fifty-two week high of $99.90. The company has a 50 day simple moving average of $4.35 and a 200-day simple moving average of $11.93.

K Wave Media (NASDAQ:KWM) last announced its quarterly earnings results on Saturday, May 16th. The company reported ($26.40) earnings per share (EPS) for the quarter. The business had revenue of $15.70 million for the quarter.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Anson Funds Management LP bought a new stake in shares of K Wave Media in the 1st quarter valued at about $1,984,000. Galaxy Group Investments LLC bought a new position in shares of K Wave Media during the fourth quarter worth about $164,000. Finally, Jane Street Group LLC bought a new position in shares of K Wave Media during the second quarter worth about $41,000. 62.18% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, Weiss Ratings raised shares of K Wave Media from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday, August 6th. One analyst has rated the stock with a Sell rating, According to MarketBeat, K Wave Media presently has an average rating of “Sell”.

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.