K Wave Media, Ltd. (NASDAQ:KWM) Sees Large Increase in Short Interest

K Wave Media, Ltd. (NASDAQ:KWM) was the recipient of a large increase in short interest during the month of 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 volume of 505,621 shares, the short-interest ratio is currently 0.3 days. Currently, 0.7% of the shares of the stock are sold short. Currently, 0.7% of the shares of the stock are sold short. Based on an average daily volume of 505,621 shares, the short-interest ratio is currently 0.3 days.

K Wave Media Trading Up 9.1%

KWM stock traded up $0.07 during trading on Monday, hitting $0.84. The stock had a trading volume of 160,144 shares, compared to its average volume of 236,368. K Wave Media has a twelve month low of $0.38 and a twelve month high of $8.48. The company’s 50-day moving average price is $0.61 and its two-hundred day moving average price is $1.60.

Institutional Trading of K Wave Media

A hedge fund recently bought a new stake in K Wave Media stock. Vontobel Holding Ltd. acquired a new stake in K Wave Media, Ltd. (NASDAQ:KWM) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 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.

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.