Short Interest in K Wave Media, Ltd. (NASDAQ:KWM) Drops By 14.6%

K Wave Media, Ltd. (NASDAQ:KWM) was the recipient of a significant decrease in short interest during the month of March. As of March 13th, there was short interest totaling 132,270 shares, a decrease of 14.6% from the February 26th total of 154,916 shares. Currently, 0.6% of the shares of the stock are sold short. Based on an average daily trading volume, of 174,277 shares, the days-to-cover ratio is presently 0.8 days.

Hedge Funds Weigh In On K Wave Media

Institutional investors have recently bought and sold shares of the business. Jane Street Group LLC bought a new stake in shares of K Wave Media during the second quarter worth $41,000. Vontobel Holding Ltd. bought a new position in shares of K Wave Media in the third quarter valued at about $40,000. Finally, Galaxy Group Investments LLC bought a new position in shares of K Wave Media in the fourth quarter valued at about $164,000. Institutional investors own 62.18% of the company’s stock.

K Wave Media Stock Performance

Shares of NASDAQ:KWM traded down $0.01 during trading on Tuesday, reaching $0.52. The stock had a trading volume of 65,355 shares, compared to its average volume of 281,807. K Wave Media has a 52 week low of $0.38 and a 52 week high of $8.48. The business’s 50-day moving average price is $0.72 and its 200 day moving average price is $1.17.

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.