K Wave Media, Ltd. (NASDAQ:KWM – Get 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%
K Wave Media (NASDAQ:KWM – Get 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
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.
See Also
- Five stocks we like better than K Wave Media
- Chevron’s Strong Quarter Shows Why It Still Leads the Energy Sector
- Amazon’s Earnings Beat Shows Why AWS Is Back at the Center of the Bull Case
- Apple’s Record Quarter Could Not Outrun Its Guidance Problem
- McKesson’s Compounding Keeps Adding Up
Receive News & Ratings for K Wave Media Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for K Wave Media and related companies with MarketBeat.com's FREE daily email newsletter.
