K Wave Media, Ltd. (NASDAQ:KWM) Short Interest Update

K Wave Media, Ltd. (NASDAQ:KWM) was the recipient of a large increase in short interest in April. As of April 30th, there was short interest totaling 444,303 shares, an increase of 172.8% from the April 15th total of 162,862 shares. Based on an average daily trading volume, of 528,122 shares, the days-to-cover ratio is currently 0.8 days. Currently, 2.0% of the shares of the stock are short sold.

K Wave Media Price Performance

KWM stock traded down $0.01 on Friday, reaching $0.27. The company had a trading volume of 175,627 shares, compared to its average volume of 985,896. K Wave Media has a 1 year low of $0.27 and a 1 year high of $8.48. The company’s fifty day moving average is $0.48 and its 200 day moving average is $0.72.

K Wave Media (NASDAQ:KWM) last posted its earnings results on Saturday, May 16th. The company reported ($0.92) earnings per share (EPS) for the quarter. The company had revenue of $15.70 million during the quarter.

Institutional Investors Weigh In On K Wave Media

An institutional investor recently bought a new position in K Wave Media stock. Galaxy Group Investments LLC bought a new stake in K Wave Media, Ltd. (NASDAQ:KWM) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 400,000 shares of the company’s stock, valued at approximately $164,000. Galaxy Group Investments LLC owned approximately 0.63% of K Wave Media as of its most recent filing with the Securities and Exchange Commission. 62.18% of the stock is owned by institutional investors.

K Wave Media Company Profile

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.