Kuke Music Holding Limited (NYSE:KUKE) Short Interest Update

Kuke Music Holding Limited (NYSE:KUKE) saw a significant decline in short interest during the month of February. As of February 28th, there was short interest totalling 164,800 shares, a decline of 44.0% from the February 13th total of 294,500 shares. Based on an average daily volume of 445,900 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.9% of the company’s shares are short sold.

Institutional Trading of Kuke Music

An institutional investor recently bought a new position in Kuke Music stock. Citadel Advisors LLC acquired a new position in shares of Kuke Music Holding Limited (NYSE:KUKE) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 93,819 shares of the company’s stock, valued at approximately $37,000. Citadel Advisors LLC owned approximately 0.30% of Kuke Music at the end of the most recent reporting period. 0.02% of the stock is owned by hedge funds and other institutional investors.

Kuke Music Stock Performance

KUKE traded up $0.10 during trading on Friday, reaching $2.10. 311,113 shares of the stock traded hands, compared to its average volume of 74,433. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.47 and a current ratio of 0.48. The stock’s 50-day moving average is $3.77 and its 200 day moving average is $5.43. Kuke Music has a 12 month low of $1.45 and a 12 month high of $40.70.

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.