K Wave Media, Ltd. (NASDAQ:KWM) Short Interest Down 14.6% in March

K Wave Media, Ltd. (NASDAQ:KWM) was the recipient of a large drop in short interest in the month of March. As of March 13th, there was short interest totaling 132,270 shares, a drop of 14.6% from the February 26th total of 154,916 shares. Approximately 0.6% of the shares of the stock are sold short. Based on an average daily volume of 174,277 shares, the short-interest ratio is currently 0.8 days.

K Wave Media Stock Performance

KWM opened at $0.46 on Thursday. The firm’s fifty day moving average is $0.70 and its 200 day moving average is $1.15. K Wave Media has a fifty-two week low of $0.38 and a fifty-two week high of $8.48.

Hedge Funds Weigh In On K Wave Media

Several large investors have recently made changes to their positions in KWM. Jane Street Group LLC bought a new position in shares of K Wave Media in the second quarter worth about $41,000. Vontobel Holding Ltd. bought a new stake in K Wave Media during the 3rd quarter valued at approximately $40,000. Finally, Galaxy Group Investments LLC purchased a new position in K Wave Media in the 4th quarter worth approximately $164,000. 62.18% of the stock is currently owned by hedge funds and other institutional investors.

About K Wave Media

K Wave Media engaged in the entertainment content and IP creation businesses. K Wave Media, formerly known as Global Star Acquisition Inc, is based in NEW YORK.