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

Kuke Music Holding Limited (NYSE:KUKE) saw 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. Based on an average daily volume of 100,500 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.2% of the shares of the stock are sold short.

Institutional Investors Weigh In On 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) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 72,000 shares of the company’s stock, valued at approximately $28,000. PFG Investments LLC owned about 0.23% of Kuke Music at the end of the most recent reporting period. 0.02% of the stock is owned by institutional investors and hedge funds.

Kuke Music Stock Performance

Shares of Kuke Music stock opened at $2.44 on Thursday. The business has a fifty day simple moving average of $3.40 and a 200-day simple moving average of $4.87. Kuke Music has a fifty-two week low of $1.45 and a fifty-two week high of $40.70. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.47 and a current ratio of 0.48.

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.