Pop Culture Group Co., Ltd. (NASDAQ:CPOP) Sees Large Drop in Short Interest

Pop Culture Group Co., Ltd. (NASDAQ:CPOP) saw a significant decrease in short interest in December. As of December 15th, there was short interest totaling 104,125 shares, a decrease of 40.6% from the November 30th total of 175,364 shares. Approximately 0.8% of the shares of the stock are sold short. Based on an average daily volume of 63,750 shares, the days-to-cover ratio is currently 1.6 days. Based on an average daily volume of 63,750 shares, the days-to-cover ratio is currently 1.6 days. Approximately 0.8% of the shares of the stock are sold short.

Pop Culture Group Stock Up 0.9%

CPOP stock traded up $0.00 during trading on Friday, hitting $0.45. The company had a trading volume of 44,586 shares, compared to its average volume of 49,193. Pop Culture Group has a 52-week low of $0.39 and a 52-week high of $2.61. The company has a 50 day simple moving average of $0.55 and a 200-day simple moving average of $0.81. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.11.

Institutional Trading of Pop Culture Group

A hedge fund recently bought a new stake in Pop Culture Group stock. Connective Capital Management LLC purchased a new stake in shares of Pop Culture Group Co., Ltd. (NASDAQ:CPOP) during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund purchased 365,822 shares of the company’s stock, valued at approximately $325,000. Connective Capital Management LLC owned about 9.29% of Pop Culture Group as of its most recent filing with the SEC.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Wall Street Zen upgraded Pop Culture Group to a “hold” rating in a research report on Saturday, September 20th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Pop Culture Group in a research report on Monday, December 22nd. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has a consensus rating of “Sell”.

Pop Culture Group Company Profile

Pop Culture Group (NASDAQ:CPOP) is a U.S.-based entertainment company specializing in the creation, production and operation of pop culture–themed live experiences, theatrical productions and branded events across North America.

The company collaborates with intellectual property owners in publishing, film, television and gaming to secure licensing rights for iconic franchises, which it then adapts into immersive live shows, touring family musicals and interactive exhibitions. Its portfolio encompasses stage adaptations of classic children’s literature, contemporary media franchises and original pop culture properties, delivered via regional tours, on-site activations and virtual extensions.

Beyond live entertainment, Pop Culture Group develops and retails consumer products and merchandise tied to its shows, providing design, marketing and distribution services that leverage its licensing relationships.