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

Kuke Music Holding Limited (NYSE:KUKE) was the target of a large drop in short interest in June. As of June 15th, there was short interest totalling 101,900 shares, a drop of 30.6% from the May 31st total of 146,900 shares. Based on an average daily volume of 122,100 shares, the days-to-cover ratio is currently 0.8 days.

Kuke Music Stock Up 4.7 %

KUKE opened at $1.34 on Monday. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.26 and a quick ratio of 0.26. The company’s 50 day simple moving average is $2.53 and its two-hundred day simple moving average is $2.01. Kuke Music has a 1-year low of $0.42 and a 1-year high of $4.07.

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.