K Wave Media, Ltd. (NASDAQ:KWM) Short Interest Down 62.1% in September

Key Points

• K Wave Media, Ltd. experienced a significant drop in short interest, decreasing by 62.1% in September, bringing the total to 107,400 shares.
• Approximately 62.18% of K Wave Media's stock is owned by institutional investors, with Jane Street Group LLC acquiring a new position of 12,101 shares worth around $41,000 in the second quarter.
• Wall Street analysts have downgraded K Wave Media to a "strong sell" rating, despite the stock's recent performance, which includes a 12-month price range of $1.52 to $8.48.

K Wave Media, Ltd. (NASDAQ:KWM - Get Free Report) saw a large drop in short interest in September. As of September 30th, there was short interest totaling 107,400 shares, a drop of 62.1% from the September 15th total of 283,400 shares. Based on an average daily trading volume, of 493,400 shares, the short-interest ratio is currently 0.2 days. Approximately 0.2% of the company's stock are sold short. Approximately 0.2% of the company's stock are sold short. Based on an average daily trading volume, of 493,400 shares, the short-interest ratio is currently 0.2 days.

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 purchased a new position in K Wave Media, Ltd. (NASDAQ:KWM - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 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 reporting period. 62.18% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen lowered K Wave Media to a "strong sell" rating in a report on Saturday, July 19th.

K Wave Media Price Performance

K Wave Media stock opened at $2.18 on Friday. The business has a fifty day simple moving average of $2.40. K Wave Media has a 12 month low of $1.52 and a 12 month 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.

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