K Wave Media, Ltd. (NASDAQ:KWM – Get Free Report) was the recipient of a large increase in short interest in the month of April. As of April 30th, there was short interest totaling 444,303 shares, an increase of 172.8% from the April 15th total of 162,862 shares. Based on an average daily volume of 528,122 shares, the short-interest ratio is currently 0.8 days. Approximately 2.0% of the shares of the company are short sold.
K Wave Media Price Performance
Shares of K Wave Media stock opened at $0.28 on Friday. K Wave Media has a fifty-two week low of $0.27 and a fifty-two week high of $8.48. The firm has a fifty day moving average price of $0.48 and a two-hundred day moving average price of $0.72.
Institutional Trading of K Wave Media
A hedge fund recently bought a new stake in K Wave Media stock. Galaxy Group Investments LLC purchased a new stake in K Wave Media, Ltd. (NASDAQ:KWM – Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 400,000 shares of the company’s stock, valued at approximately $164,000. Galaxy Group Investments LLC owned 0.63% of K Wave Media at the end of the most recent reporting period. 62.18% of the stock is owned by institutional investors and hedge funds.
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.
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