Kuke Music Holding Limited (NYSE:KUKE) Sees Significant Growth in Short Interest

Kuke Music Holding Limited (NYSE:KUKE) was the recipient of a significant increase in short interest during the month of January. As of January 15th, there was short interest totalling 462,400 shares, an increase of 6.3% from the December 31st total of 435,000 shares. Based on an average daily trading volume, of 749,700 shares, the short-interest ratio is presently 0.6 days.

Institutional Investors Weigh In On Kuke Music

A hedge fund recently bought a new stake in Kuke Music stock. PFG Investments LLC acquired a new stake in shares of Kuke Music Holding Limited (NYSE:KUKE) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 72,000 shares of the company’s stock, valued at approximately $28,000. PFG Investments LLC owned about 0.23% of Kuke Music as of its most recent SEC filing. Hedge funds and other institutional investors own 0.02% of the company’s stock.

Kuke Music Trading Down 1.4 %

Shares of Kuke Music stock traded down $0.01 on Tuesday, hitting $0.40. 7,906 shares of the company traded hands, compared to its average volume of 695,779. The business has a 50-day simple moving average of $0.41 and a 200 day simple moving average of $0.73. Kuke Music has a 52 week low of $0.23 and a 52 week high of $4.07. The company has a current ratio of 0.48, a quick ratio of 0.47 and a debt-to-equity ratio of 0.10.

Kuke Music Company Profile

Kuke Music Holding Limited, through its subsidiaries, provides classical music licensing, subscription, and education services in China. It operates through two segments: Subscription, Licensing and Smart Education Business; and Music Events and Performances Business. The Subscription, Licensing and Smart Education Business segment distributes commercial copyrights and offers music education solutions.