Short Interest in K Wave Media, Ltd. (NASDAQ:KWM) Decreases By 81.1%

K Wave Media, Ltd. (NASDAQ:KWM) saw a large decrease in short interest in the month of January. As of January 15th, there was short interest totaling 114,901 shares, a decrease of 81.1% from the December 31st total of 608,082 shares. Based on an average daily volume of 499,483 shares, the short-interest ratio is presently 0.2 days. Currently, 0.5% of the shares of the stock are sold short. Currently, 0.5% of the shares of the stock are sold short. Based on an average daily volume of 499,483 shares, the short-interest ratio is presently 0.2 days.

Institutional Investors Weigh In On K Wave Media

An institutional investor recently bought a new position in K Wave Media stock. Vontobel Holding Ltd. bought a new position in shares of K Wave Media, Ltd. (NASDAQ:KWM) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 16,419 shares of the company’s stock, valued at approximately $40,000. Hedge funds and other institutional investors own 62.18% of the company’s stock.

K Wave Media Stock Performance

Shares of NASDAQ:KWM traded up $0.01 during midday trading on Thursday, reaching $0.82. The company’s stock had a trading volume of 169,335 shares, compared to its average volume of 526,181. The stock’s fifty day simple moving average is $0.59. K Wave Media has a fifty-two week low of $0.38 and a fifty-two week high of $8.48.

K Wave Media Company Profile

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.