K Wave Media, Ltd. (NASDAQ:KWM) Short Interest Update

K Wave Media, Ltd. (NASDAQ:KWM – Get Free Report) was the recipient of a large growth in short interest in 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 company’s shares are short sold. Based on an average daily volume of 31,886,121 shares, the short-interest ratio is currently 0.0 days.

K Wave Media Stock Down 1.7%

Shares of KWM traded down $0.04 during mid-day trading on Tuesday, hitting $2.27. 36,981 shares of the company’s stock were exchanged, compared to its average volume of 768,571. K Wave Media has a fifty-two week low of $2.02 and a fifty-two week high of $105.60. The stock’s 50-day moving average is $4.44 and its 200-day moving average is $12.08.

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

Wall Street Analyst Weigh In

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

Read Our Latest Stock Analysis on KWM

Institutional Trading of K Wave Media

Several hedge funds have recently modified their holdings of KWM. Anson Funds Management LP acquired a new position in K Wave Media during the 1st quarter worth $1,984,000. Galaxy Group Investments LLC purchased a new position in shares of K Wave Media in the 4th quarter valued at about $164,000. Finally, Jane Street Group LLC acquired a new position in shares of K Wave Media during the second quarter worth about $41,000. 62.18% of the stock is currently owned by institutional investors and hedge funds.

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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