Short Interest in K Wave Media, Ltd. (NASDAQ:KWM) Declines By 81.1%

K Wave Media, Ltd. (NASDAQ:KWM) saw a significant decline in short interest in January. As of January 15th, there was short interest totaling 114,901 shares, a decline of 81.1% from the December 31st total of 608,082 shares. Currently, 0.5% of the shares of the stock are short sold. Based on an average daily trading volume, of 499,483 shares, the short-interest ratio is currently 0.2 days. Based on an average daily trading volume, of 499,483 shares, the short-interest ratio is currently 0.2 days. Currently, 0.5% of the shares of the stock are short sold.

Hedge Funds Weigh In On K Wave Media

A hedge fund recently bought a new stake in K Wave Media stock. Jane Street Group LLC bought a new position in shares of K Wave Media, Ltd. (NASDAQ:KWM) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 12,101 shares of the company’s stock, valued at approximately $41,000. Jane Street Group LLC owned about 0.42% of K Wave Media at the end of the most recent quarter. Hedge funds and other institutional investors own 62.18% of the company’s stock.

K Wave Media Trading Up 12.1%

Shares of K Wave Media stock traded up $0.09 during trading on Tuesday, hitting $0.79. The stock had a trading volume of 203,396 shares, compared to its average volume of 513,680. K Wave Media has a 12 month low of $0.38 and a 12 month high of $8.48. The company has a fifty day simple moving average of $0.60.

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.