Short Interest in K Wave Media, Ltd. (NASDAQ:KWM) Grows By 1,112.9%

by · The Markets Daily

K Wave Media, Ltd. (NASDAQ:KWM – Get Free Report) saw a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 1,230,606 shares, an increase of 1,112.9% from the July 15th total of 101,458 shares. Based on an average daily volume of 31,886,121 shares, the short-interest ratio is presently 0.0 days. Currently, 165.0% of the company’s stock are short sold.

K Wave Media Price Performance

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

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

Analysts Set New Price Targets

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

View Our Latest Research Report on KWM

Hedge Funds Weigh In On K Wave Media

Several hedge funds have recently made changes to their positions in the company. Anson Funds Management LP acquired a new stake in shares of K Wave Media during the first quarter worth about $1,984,000. Galaxy Group Investments LLC purchased a new position in K Wave Media during the 4th quarter worth approximately $164,000. Finally, Jane Street Group LLC acquired a new position in K Wave Media during the second quarter worth approximately $41,000. Hedge funds and other institutional investors own 62.18% of the company’s stock.

K Wave Media Company Profile

(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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