Kuke Music Holding Limited (NYSE:KUKE) Short Interest Update

Kuke Music Holding Limited (NYSE:KUKE) was the target of a large increase in short interest in December. As of December 31st, there was short interest totalling 68,600 shares, an increase of 512.5% from the December 15th total of 11,200 shares. Based on an average daily volume of 163,500 shares, the days-to-cover ratio is presently 0.4 days.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Granite Point Capital Management L.P. acquired a new stake in shares of Kuke Music in the 3rd quarter valued at approximately $163,000. Renaissance Technologies LLC acquired a new stake in shares of Kuke Music in the 2nd quarter valued at approximately $284,000. Finally, UBS Asset Management Americas Inc. acquired a new stake in shares of Kuke Music in the 2nd quarter valued at approximately $1,467,000. 0.89% of the stock is owned by institutional investors.

NYSE:KUKE traded up $0.20 during trading hours on Friday, reaching $4.20. 11,565 shares of the stock were exchanged, compared to its average volume of 101,748. Kuke Music has a twelve month low of $3.01 and a twelve month high of $11.37. The company has a current ratio of 1.54, a quick ratio of 1.50 and a debt-to-equity ratio of 0.01. The firm has a 50 day moving average of $4.10 and a 200 day moving average of $5.21.

Kuke Music (NYSE:KUKE) last released its quarterly earnings results on Monday, November 29th. The company reported $0.03 earnings per share for the quarter. Kuke Music had a positive return on equity of 4.76% and a negative net margin of 9.75%. The firm had revenue of $12.84 million during the quarter.

Kuke Music Company Profile

Kuke Music Holding Limited, through its subsidiaries, provides classical music licensing, subscription, and education services in China. It operates through two segments, Subscription, Licensing and Smart Education Business; and Music Events Business. The Subscription, Licensing and Smart Education Business segment distributes commercial copyrights and offers music education solutions.

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