K Wave Media, Ltd. (NASDAQ:KWM) Sees Significant Decrease in Short Interest

K Wave Media, Ltd. (NASDAQ:KWMGet Free Report) was the target of a significant drop in short interest in July. As of July 15th, there was short interest totaling 101,458 shares, a drop of 38.3% from the June 30th total of 164,465 shares. Currently, 0.5% of the company’s stock are short sold. Based on an average daily volume of 413,060 shares, the short-interest ratio is presently 0.2 days.

Analyst Ratings Changes

Separately, Weiss Ratings cut shares of K Wave Media from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Tuesday, June 9th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, K Wave Media has a consensus rating of “Sell”.

Get Our Latest Stock Analysis on K Wave Media

K Wave Media Stock Up 11.0%

KWM stock traded up $0.01 during mid-day trading on Friday, reaching $0.08. The company had a trading volume of 244,931,368 shares, compared to its average volume of 3,414,640. The stock has a 50 day simple moving average of $0.18 and a two-hundred day simple moving average of $0.43. K Wave Media has a 52 week low of $0.07 and a 52 week high of $3.99.

K Wave Media (NASDAQ:KWMGet Free Report) last posted its quarterly earnings results on Saturday, May 16th. The company reported ($0.88) earnings per share for the quarter. The business had revenue of $15.70 million during the quarter.

Institutional Trading of K Wave Media

A number of large investors have recently added to or reduced their stakes in KWM. Jane Street Group LLC bought a new position in shares of K Wave Media in the 2nd quarter valued at about $41,000. Galaxy Group Investments LLC acquired a new stake in K Wave Media in the 4th quarter valued at about $164,000. Finally, Anson Funds Management LP acquired a new stake in K Wave Media in the 1st quarter valued at about $1,984,000. Institutional investors and hedge funds own 62.18% of the company’s stock.

About K Wave Media

(Get Free Report)

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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