Kuke Music Holding Limited (NYSE:KUKE) Short Interest Down 44.0% in February

Kuke Music Holding Limited (NYSE:KUKE) was the target of a large drop in short interest in the month of February. As of February 28th, there was short interest totalling 164,800 shares, a drop of 44.0% from the February 13th total of 294,500 shares. Based on an average trading volume of 445,900 shares, the short-interest ratio is presently 0.4 days. Approximately 0.9% of the shares of the company are short sold.

Hedge Funds Weigh In On Kuke Music

An institutional investor recently bought a new position in Kuke Music stock. PFG Investments LLC bought a new stake in shares of Kuke Music Holding Limited (NYSE:KUKE) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 72,000 shares of the company’s stock, valued at approximately $28,000. PFG Investments LLC owned 0.23% of Kuke Music at the end of the most recent quarter. Institutional investors own 0.02% of the company’s stock.

Kuke Music Trading Down 16.5 %

Shares of KUKE stock traded down $0.33 during trading hours on Friday, reaching $1.67. The stock had a trading volume of 185,503 shares, compared to its average volume of 71,839. The company has a quick ratio of 0.47, a current ratio of 0.48 and a debt-to-equity ratio of 0.10. Kuke Music has a twelve month low of $1.45 and a twelve month high of $40.70. The firm has a 50-day simple moving average of $3.91 and a 200-day simple moving average of $5.59.

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.