Short Interest in GD Culture Group Limited (NASDAQ:GDC) Drops By 96.1%

GD Culture Group Limited (NASDAQ:GDC) was the target of a large drop in short interest in June. As of June 30th, there was short interest totaling 259,370 shares, a drop of 96.1% from the June 15th total of 6,624,610 shares. Based on an average daily volume of 3,380,913 shares, the days-to-cover ratio is currently 0.1 days. Approximately 108.5% of the company’s stock are sold short.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Weiss Ratings downgraded shares of GD Culture Group from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Monday, June 15th. Wall Street Zen cut GD Culture Group to a “strong sell” rating in a research note on Saturday, July 4th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has a consensus rating of “Sell”.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in GDC. XTX Topco Ltd purchased a new stake in GD Culture Group in the second quarter valued at approximately $97,000. ExodusPoint Capital Management LP acquired a new position in shares of GD Culture Group in the 4th quarter valued at $106,000. Geode Capital Management LLC acquired a new position in shares of GD Culture Group in the 4th quarter valued at $74,000. Finally, Jefferies Financial Group Inc. purchased a new stake in GD Culture Group in the 4th quarter valued at $44,000. Institutional investors and hedge funds own 0.55% of the company’s stock.

GD Culture Group Stock Performance

Shares of GDC stock traded down $0.03 during mid-day trading on Friday, hitting $1.59. 1,889,692 shares of the stock were exchanged, compared to its average volume of 1,235,116. The stock’s fifty day simple moving average is $74.45 and its two-hundred day simple moving average is $653.21. GD Culture Group has a 12-month low of $1.45 and a 12-month high of $2,478.75. The stock has a market capitalization of $381,600.00, a price-to-earnings ratio of -0.00 and a beta of 1.91.

GD Culture Group Company Profile

GD Culture Group Limited operates as an integrated marketing service agency. The company focuses on enterprise brand management, crisis public relations, intelligent public opinion monitoring, media PR, financial and economic we-media operation, digital face application, exhibition services, and other businesses. It also publishes books in corporate history, finance, and economics, as well as plans and organizes online and offline activities, such as new book launches and book sharing sessions to promote new books and build influence and reputation for the corporate clients.