Short Interest in Pop Culture Group Co., Ltd. (NASDAQ:CPOP) Drops By 65.5%

Pop Culture Group Co., Ltd. (NASDAQ:CPOP) was the target of a significant decrease in short interest during the month of June. As of June 30th, there was short interest totaling 798,479 shares, a decrease of 65.5% from the June 15th total of 2,316,263 shares. Currently, 6.3% of the shares of the company are sold short. Based on an average daily volume of 10,598,664 shares, the days-to-cover ratio is presently 0.1 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings downgraded shares of Pop Culture Group from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Thursday, June 25th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has an average rating of “Sell”.

Hedge Funds Weigh In On Pop Culture Group

An institutional investor recently bought a new position in Pop Culture Group stock. Connective Capital Management LLC purchased a new stake in Pop Culture Group Co., Ltd. (NASDAQ:CPOP) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 365,822 shares of the company’s stock, valued at approximately $325,000. Connective Capital Management LLC owned approximately 9.29% of Pop Culture Group as of its most recent SEC filing.

Pop Culture Group Trading Up 0.2%

Shares of Pop Culture Group stock traded up $0.00 during trading on Wednesday, hitting $0.49. The stock had a trading volume of 808,613 shares, compared to its average volume of 1,233,058. Pop Culture Group has a 12 month low of $0.39 and a 12 month high of $26.10. The business’s 50-day moving average is $2.43 and its 200 day moving average is $3.22.

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.