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

Pop Culture Group Co., Ltd. (NASDAQ:CPOP) was the recipient of a large drop in short interest in December. As of December 31st, there was short interest totaling 75,100 shares, a drop of 27.9% from the December 15th total of 104,125 shares. Based on an average daily volume of 42,626 shares, the short-interest ratio is currently 1.8 days. Approximately 0.6% of the shares of the stock are sold short. Approximately 0.6% of the shares of the stock are sold short. Based on an average daily volume of 42,626 shares, the short-interest ratio is currently 1.8 days.

Institutional Trading of Pop Culture Group

A hedge fund recently bought a new stake in Pop Culture Group stock. Connective Capital Management LLC bought a new stake in Pop Culture Group Co., Ltd. (NASDAQ:CPOP) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 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 at the end of the most recent quarter.

Pop Culture Group Price Performance

NASDAQ:CPOP traded up $0.01 during trading hours on Friday, reaching $0.49. 46,640 shares of the company traded hands, compared to its average volume of 39,669. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.47 and a quick ratio of 1.47. The firm’s 50-day moving average is $0.47 and its 200-day moving average is $0.80. Pop Culture Group has a 1-year low of $0.39 and a 1-year high of $2.61.

Analyst Upgrades and Downgrades

A number of analysts have commented on CPOP shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of Pop Culture Group in a research report on Monday, December 29th. Wall Street Zen raised Pop Culture Group to a “hold” rating in a research note on Saturday, September 20th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Pop Culture Group currently has an average rating of “Sell”.

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.