Short Interest in Kuke Music Holding Limited (NYSE:KUKE) Drops By 44.0%

Kuke Music Holding Limited (NYSE:KUKE - Get Free Report) saw a large decline in short interest during 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. Based on an average trading volume of 445,900 shares, the short-interest ratio is presently 0.4 days. Approximately 0.9% of the shares of the stock are sold short.

Kuke Music Price Performance

NYSE KUKE traded down $0.17 on Tuesday, reaching $1.89. The company had a trading volume of 204,783 shares, compared to its average volume of 84,488. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.47 and a current ratio of 0.48. The firm's 50 day moving average price is $3.68 and its 200 day moving average price is $5.30. Kuke Music has a 12 month low of $1.45 and a 12 month high of $40.70.

Institutional Trading of Kuke Music

An institutional investor recently bought a new position in Kuke Music stock. PFG Investments LLC bought a new position in Kuke Music Holding Limited (NYSE:KUKE - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund bought 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.

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.