Kuke Music Holding Limited (NYSE:KUKE) Short Interest Update

Kuke Music Holding Limited (NYSE:KUKE) was the recipient of a large decline in short interest in March. As of March 15th, there was short interest totalling 43,300 shares, a decline of 73.7% from the February 28th total of 164,800 shares. Approximately 0.2% of the company’s stock are sold short. Based on an average daily trading volume, of 100,500 shares, the short-interest ratio is currently 0.4 days.

Kuke Music Trading Down 4.9 %

Shares of NYSE:KUKE traded down $0.15 during midday trading on Friday, reaching $2.89. The company’s stock had a trading volume of 12,197 shares, compared to its average volume of 110,529. The company has a quick ratio of 0.47, a current ratio of 0.48 and a debt-to-equity ratio of 0.10. The firm has a 50 day moving average of $3.33 and a 200-day moving average of $4.78. Kuke Music has a 12-month low of $1.45 and a 12-month high of $40.70.

Institutional Investors Weigh In On Kuke Music

An institutional investor recently bought a new position in Kuke Music stock. PFG Investments LLC purchased a new position in 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 purchased 72,000 shares of the company’s stock, valued at approximately $28,000. PFG Investments LLC owned about 0.23% of Kuke Music as of its most recent SEC filing. 0.02% of the stock is owned by institutional investors and hedge funds.

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.