K Wave Media, Ltd. (NASDAQ:KWM) Short Interest Down 50.3% in December

K Wave Media, Ltd. (NASDAQ:KWM) was the target of a significant decline in short interest in the month of December. As of December 15th, there was short interest totaling 277,945 shares, a decline of 50.3% from the November 30th total of 559,688 shares. Based on an average daily volume of 826,113 shares, the short-interest ratio is presently 0.3 days. Approximately 1.3% of the company’s shares are sold short. Approximately 1.3% of the company’s shares are sold short. Based on an average daily volume of 826,113 shares, the short-interest ratio is presently 0.3 days.

Hedge Funds Weigh In On K Wave Media

A hedge fund recently bought a new stake in K Wave Media stock. Vontobel Holding Ltd. acquired a new position in shares of K Wave Media, Ltd. (NASDAQ:KWM) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 16,419 shares of the company’s stock, valued at approximately $40,000. Institutional investors and hedge funds own 62.18% of the company’s stock.

K Wave Media Price Performance

Shares of NASDAQ KWM traded down $0.02 during mid-day trading on Friday, hitting $0.39. The company had a trading volume of 951,102 shares, compared to its average volume of 1,824,597. The company has a 50-day moving average price of $1.15. K Wave Media has a one year low of $0.39 and a one year high of $8.48.

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.