Pop Mart International Group Limited – Unsponsored ADR (OTCMKTS:PMRTY) Sees Large Increase in Short Interest

Pop Mart International Group Limited – Unsponsored ADR (OTCMKTS:PMRTY) was the recipient of a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 183,286 shares, an increase of 87.8% from the August 15th total of 97,590 shares. Based on an average daily volume of 149,566 shares, the days-to-cover ratio is currently 1.2 days. Approximately 0.0% of the shares of the company are short sold.

Pop Mart International Group Stock Up 1.4%

OTCMKTS:PMRTY opened at $19.51 on Friday. Pop Mart International Group has a fifty-two week low of $17.75 and a fifty-two week high of $37.00. The firm’s fifty day simple moving average is $19.89 and its 200-day simple moving average is $20.96.

Analysts Set New Price Targets

Several equities analysts have issued reports on PMRTY shares. Jefferies Financial Group cut shares of Pop Mart International Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 21st. Zacks Research cut shares of Pop Mart International Group from a “hold” rating to a “strong sell” rating in a research note on Monday, August 31st. Two analysts have rated the stock with a Strong Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold”.

About Pop Mart International Group

Pop Mart International Group Ltd. is a China-based company that designs, develops and sells collectible designer toys and related products. Its offerings include figurines, plush toys, accessories and other merchandise, with products often distributed through blind-box packaging that creates a randomized purchasing experience.

The company develops its own intellectual property and collaborates with artists and other rights holders to create character-based product lines. Its portfolio has included popular brands and characters such as Molly, Skullpanda, Dimoo, Crybaby, Hirono and The Monsters, which features the Labubu character.