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

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

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 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 72,000 shares of the company’s stock, valued at approximately $28,000. PFG Investments LLC owned approximately 0.23% of Kuke Music as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 0.02% of the company’s stock.

Kuke Music Price Performance

KUKE opened at $0.43 on Tuesday. The company has a current ratio of 0.48, a quick ratio of 0.47 and a debt-to-equity ratio of 0.10. The firm has a fifty day moving average price of $0.41 and a 200 day moving average price of $0.73. Kuke Music has a 1 year low of $0.23 and a 1 year high of $4.07.

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.