Short Interest in Pop Culture Group Co., Ltd. (NASDAQ:CPOP) Drops By 35.6%

Pop Culture Group Co., Ltd. (NASDAQ:CPOP) was the recipient of a large decline in short interest during the month of February. As of February 27th, there was short interest totaling 16,020 shares, a decline of 35.6% from the February 12th total of 24,874 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily volume of 19,979 shares, the days-to-cover ratio is presently 0.8 days. Based on an average daily volume of 19,979 shares, the days-to-cover ratio is presently 0.8 days. Currently, 0.1% of the company’s shares are short sold.

Pop Culture Group Stock Performance

Shares of Pop Culture Group stock traded down $0.01 on Friday, hitting $0.31. 15,098 shares of the company’s stock traded hands, compared to its average volume of 68,899. The firm’s 50-day moving average price is $0.39 and its two-hundred day moving average price is $0.67. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.47 and a current ratio of 1.47. Pop Culture Group has a one year low of $0.30 and a one year high of $2.61.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Pop Culture Group in a research note on Monday, December 29th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has a consensus rating of “Sell”.

Hedge Funds Weigh In On Pop Culture Group

A hedge fund recently bought a new stake in Pop Culture Group stock. Sabby Management LLC bought a new position in shares of Pop Culture Group Co., Ltd. (NASDAQ:CPOP) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 1,227,666 shares of the company’s stock, valued at approximately $1,092,000. Pop Culture Group comprises 1.3% of Sabby Management LLC’s holdings, making the stock its 4th largest holding. Sabby Management LLC owned approximately 31.17% of Pop Culture Group as of its most recent filing with the Securities & Exchange Commission.

About Pop Culture Group

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.