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

Kuke Music Holding Limited (NYSE:KUKE) saw a large growth in short interest in the month of 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 trading volume, of 749,700 shares, the short-interest ratio is presently 0.6 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Kuke Music stock. PFG Investments LLC bought a new position in Kuke Music Holding Limited (NYSE:KUKE) in the fourth quarter, according to its most recent filing with the SEC. The firm bought 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 SEC filing. 0.02% of the stock is currently owned by hedge funds and other institutional investors.

Kuke Music Trading Up 4.9 %

NYSE KUKE opened at $0.43 on Tuesday. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.48 and a quick ratio of 0.47. The company’s 50-day simple moving average is $0.41 and its two-hundred day simple moving average is $0.73. Kuke Music has a one year low of $0.23 and a one 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.