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

Kuke Music Holding Limited (NYSE:KUKE) was the target of a large drop in short interest in the month of March. As of March 15th, there was short interest totalling 43,300 shares, a drop of 73.7% from the February 28th total of 164,800 shares. Currently, 0.2% of the company’s shares are short sold. Based on an average daily trading volume, of 100,500 shares, the days-to-cover ratio is currently 0.4 days.

Kuke Music Stock Performance

Shares of KUKE traded down $0.15 during mid-day trading on Friday, hitting $2.89. 12,197 shares of the company’s stock traded hands, compared to its average volume of 110,529. The business’s 50-day moving average price is $3.33 and its 200-day moving average price is $4.78. Kuke Music has a 1 year low of $1.45 and a 1 year high of $40.70. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.48 and a quick ratio of 0.47.

Institutional Investors Weigh In On Kuke Music

A hedge fund recently bought a new stake in Kuke Music stock. PFG Investments LLC purchased a new position in Kuke Music Holding Limited (NYSE:KUKE) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 72,000 shares of the company’s stock, valued at approximately $28,000. PFG Investments LLC owned approximately 0.23% of Kuke Music at the end of the most recent reporting period. Hedge funds and other institutional investors own 0.02% of the company’s stock.

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.