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

Kuke Music Holding Limited (NYSE:KUKE) was the recipient of a large decrease in short interest in February. As of February 28th, there was short interest totalling 164,800 shares, a decrease of 44.0% from the February 13th total of 294,500 shares. Approximately 0.9% of the company’s stock are sold short. Based on an average daily volume of 445,900 shares, the short-interest ratio is currently 0.4 days.

Hedge Funds Weigh In On Kuke Music

A hedge fund recently bought a new stake in Kuke Music stock. PFG Investments LLC bought a new position in shares of Kuke Music Holding Limited (NYSE:KUKE) in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 72,000 shares of the company’s stock, valued at approximately $28,000. PFG Investments LLC owned approximately 0.23% of Kuke Music at the end of the most recent quarter. 0.02% of the stock is owned by institutional investors and hedge funds.

Kuke Music Trading Up 5.0 %

KUKE stock traded up $0.10 during trading hours on Friday, reaching $2.10. 311,113 shares of the stock were exchanged, compared to its average volume of 74,433. The firm’s 50-day moving average is $3.77 and its 200-day moving average is $5.43. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.48 and a quick ratio of 0.47. Kuke Music has a 12 month low of $1.45 and a 12 month high of $40.70.

About Kuke Music

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 and Performances Business. The Subscription, Licensing and Smart Education Business segment distributes commercial copyrights and offers music education solutions.