Kuke Music Holding Limited (NYSE:KUKE) Sees Significant Growth in Short Interest

Kuke Music Holding Limited (NYSE:KUKE) was the target of a large growth in short interest in January. As of January 15th, there was short interest totalling 462,400 shares, a growth of 6.3% from the December 31st total of 435,000 shares. Based on an average daily volume of 749,700 shares, the days-to-cover ratio is currently 0.6 days.

Kuke Music Trading Down 1.4 %

Shares of NYSE:KUKE traded down $0.01 during midday trading on Tuesday, reaching $0.40. The company’s stock had a trading volume of 7,906 shares, compared to its average volume of 695,779. Kuke Music has a 12-month low of $0.23 and a 12-month high of $4.07. The firm has a 50 day moving average of $0.41 and a 200-day moving average of $0.73. The company has a quick ratio of 0.47, a current ratio of 0.48 and a debt-to-equity ratio of 0.10.

Institutional Trading of Kuke Music

A hedge fund recently bought a new stake 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 13F filing with the Securities and Exchange Commission. The institutional investor bought 72,000 shares of the company’s stock, valued at approximately $28,000. PFG Investments LLC owned 0.23% of Kuke Music as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 0.02% of the company’s stock.

About Kuke Music

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.