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

K Wave Media, Ltd. (NASDAQ:KWM) was the recipient of a significant increase in short interest in January. As of January 30th, there was short interest totaling 164,208 shares, an increase of 42.9% from the January 15th total of 114,901 shares. Based on an average daily trading volume, of 505,621 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.7% of the company’s shares are short sold. Approximately 0.7% of the company’s shares are short sold. Based on an average daily trading volume, of 505,621 shares, the days-to-cover ratio is presently 0.3 days.

K Wave Media Price Performance

NASDAQ KWM opened at $0.84 on Tuesday. The stock’s fifty day moving average is $0.61 and its two-hundred day moving average is $1.58. K Wave Media has a fifty-two week low of $0.38 and a fifty-two week high of $8.48.

Institutional Investors Weigh In On K Wave Media

A hedge fund recently bought a new stake in K Wave Media stock. Jane Street Group LLC acquired a new position in shares of K Wave Media, Ltd. (NASDAQ:KWM) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 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 quarter. 62.18% of the stock is currently 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.