K Wave Media, Ltd. (NASDAQ:KWM – Get Free Report) was the target of a significant growth in short interest in the month of April. As of April 30th, there was short interest totaling 444,303 shares, a growth of 172.8% from the April 15th total of 162,862 shares. Based on an average trading volume of 528,122 shares, the days-to-cover ratio is presently 0.8 days. Approximately 2.0% of the company’s shares are sold short.
K Wave Media Stock Performance
KWM stock opened at $0.28 on Friday. The company’s 50 day simple moving average is $0.48 and its 200-day simple moving average is $0.72. K Wave Media has a 52-week low of $0.27 and a 52-week high of $8.48.
Institutional Trading of K Wave Media
A hedge fund recently bought a new stake in K Wave Media stock. Galaxy Group Investments LLC acquired a new position in shares of K Wave Media, Ltd. (NASDAQ:KWM – Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 400,000 shares of the company’s stock, valued at approximately $164,000. Galaxy Group Investments LLC owned 0.63% of K Wave Media at the end of the most recent quarter. Institutional investors and hedge funds 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.
Featured Stories
- Five stocks we like better than K Wave Media
- YETI Rallies After Earnings Beat and Raised Outlook
- How the 3 Leading Quantum Firms Stack Up After Q1 Earnings
- Cisco’s Vertical Rally May Still Be in the Early Innings
- Amazon vs. Alibaba: One Is Clearly The Better Value Play right Now
Receive News & Ratings for K Wave Media Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for K Wave Media and related companies with MarketBeat.com's FREE daily email newsletter.
