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

Kuke Music Holding Limited Sponsored ADR (NYSE:KUKE) was the target of a large growth in short interest during the month of September. As of September 30th, there was short interest totaling 64,700 shares, a growth of 355.6% from the September 15th total of 14,200 shares. Approximately 2.0% of the company’s stock are short sold. Based on an average daily volume of 315,000 shares, the short-interest ratio is currently 0.2 days. Based on an average daily volume of 315,000 shares, the short-interest ratio is currently 0.2 days. Approximately 2.0% of the company’s stock are short sold.

Kuke Music Price Performance

Shares of KUKE stock opened at $0.67 on Friday. The company’s fifty day simple moving average is $1.32 and its two-hundred day simple moving average is $2.57. Kuke Music has a 1 year low of $0.52 and a 1 year high of $10.00.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Kuke Music in a research note on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Sell”.

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.