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

Key Points

• K Wave Media, Ltd. saw a significant increase in short interest in September, with a total of 283,400 shares shorted, representing a 188% growth from August.
• Jane Street Group LLC recently acquired a new position in K Wave Media, purchasing 12,101 shares, while institutional investors now own 62.18% of the company.
• Wall Street analysts have downgraded K Wave Media to a "strong sell" rating in a report from July 19th.

K Wave Media, Ltd. (NASDAQ:KWM - Get Free Report) was the target of a large growth in short interest in September. As of September 15th, there was short interest totaling 283,400 shares, a growth of 188.0% from the August 31st total of 98,400 shares. Currently, 0.5% of the shares of the stock are sold short. Based on an average daily volume of 550,800 shares, the days-to-cover ratio is currently 0.5 days. Based on an average daily volume of 550,800 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.5% of the shares of the stock are sold short.

K Wave Media Stock Up 6.6%

KWM opened at $2.59 on Friday. K Wave Media has a 1-year low of $1.52 and a 1-year high of $8.48. The company has a 50-day moving average of $2.66.

Institutional Investors Weigh In On K Wave Media

An institutional investor recently bought a new position in K Wave Media stock. Jane Street Group LLC acquired a new stake in K Wave Media, Ltd. (NASDAQ:KWM - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 12,101 shares of the company's stock, valued at approximately $41,000. Jane Street Group LLC owned approximately 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.

Wall Street Analyst Weigh In

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

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.

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