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 the month of February. As of February 28th, there was short interest totalling 164,800 shares, a decline of 44.0% from the February 13th total of 294,500 shares. Currently, 0.9% of the company’s shares are sold short. Based on an average trading volume of 445,900 shares, the short-interest ratio is presently 0.4 days.

Institutional Trading of Kuke Music

A hedge fund recently bought a new stake in Kuke Music stock. Citadel Advisors LLC purchased a new stake 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 93,819 shares of the company’s stock, valued at approximately $37,000. Citadel Advisors LLC owned 0.30% of Kuke Music as of its most recent SEC filing. 0.02% of the stock is owned by institutional investors and hedge funds.

Kuke Music Stock Performance

KUKE traded up $0.10 during trading on Friday, reaching $2.10. 311,113 shares of the company’s stock were exchanged, compared to its average volume of 74,433. The company’s fifty day moving average price is $3.77 and its 200-day moving average price is $5.43. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.48 and a quick ratio of 0.47. Kuke Music has a fifty-two week low of $1.45 and a fifty-two week high of $40.70.

Kuke Music Company Profile

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.