K Wave Media, Ltd. (NASDAQ:KWM) Short Interest Down 62.1% in September

K Wave Media, Ltd. (NASDAQ:KWM) saw a large drop in short interest in September. As of September 30th, there was short interest totaling 107,400 shares, a drop of 62.1% from the September 15th total of 283,400 shares. Based on an average daily trading volume, of 493,400 shares, the short-interest ratio is currently 0.2 days. Approximately 0.2% of the company’s stock are sold short. Approximately 0.2% of the company’s stock are sold short. Based on an average daily trading volume, of 493,400 shares, the short-interest ratio is currently 0.2 days.

Hedge Funds Weigh In On K Wave Media

A hedge fund recently bought a new stake in K Wave Media stock. Jane Street Group LLC purchased a new position in K Wave Media, Ltd. (NASDAQ:KWM) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 12,101 shares of the company’s stock, valued at approximately $41,000. Jane Street Group LLC owned about 0.42% of K Wave Media at the end of the most recent reporting period. 62.18% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen lowered K Wave Media to a “strong sell” rating in a report on Saturday, July 19th.

K Wave Media Price Performance

K Wave Media stock opened at $2.18 on Friday. The business has a fifty day simple moving average of $2.40. K Wave Media has a 12 month low of $1.52 and a 12 month high of $8.48.

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.