Kuke Music Holding Limited (NYSE:KUKE) experienced a significant surge in short interest during the month of March. Short interest totaled 6,400 shares as of March 31st, marking a substantial 73.0% increase from the previous total of 3,700 shares recorded on March 15th. With an average daily trading volume of 44,900 shares, the short-interest ratio currently stands at 0.1 days.
At the time of this publication, Kuke Music Holding Limited (KUKE) is trading at $3.0899 per share, reflecting a change of $0.89989996, or 41.091324%. The trading volume stands at 429,282 shares, with an average analyst rating of 2.101 and a book value unspecified.
Shares of KUKE stock saw a decline of $0.60 during Friday’s trading hours, reaching $2.19. Trading volume amounted to 43,187 shares, surpassing the average volume of 37,117 shares. Kuke Music’s stock performance has seen fluctuations, with a 52-week low of $0.42 and a high of $2.89. The stock currently maintains a 50-day moving average of $2.10 and a two-hundred-day moving average of $1.41.
In a notable development, a hedge fund recently initiated a new stake in Kuke Music Holding Limited. Jane Street Group LLC disclosed its acquisition of 22,178 shares of KUKE stock in the 1st quarter, as indicated in its Form 13F filing with the Securities and Exchange Commission (SEC). The value of the institutional investor’s stake amounted to approximately $85,000. Jane Street Group LLC now holds approximately 0.08% of Kuke Music, according to its latest SEC filing.
The surge in short interest observed in Kuke Music Holding Limited (KUKE) highlights evolving market dynamics amidst notable hedge fund investment activity. As trading activity continues to influence stock price movements, investors are closely monitoring developments in short interest and institutional holdings to gauge market sentiment and anticipate future stock performance. With KUKE stock experiencing significant fluctuations, stakeholders remain attentive to emerging trends shaping the company’s trajectory in the market.
