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

Pop Culture Group Co., Ltd. (NASDAQ:CPOP) was the recipient of a significant growth in short interest in the month of June. As of June 15th, there was short interest totaling 2,316,263 shares, a growth of 978.5% from the May 31st total of 214,770 shares. Based on an average trading volume of 60,665,852 shares, the days-to-cover ratio is presently 0.0 days. Currently, 18.2% of the company’s shares are sold short.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Pop Culture Group stock. Sabby Management LLC bought a new stake in shares of Pop Culture Group Co., Ltd. (NASDAQ:CPOP) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 1,227,666 shares of the company’s stock, valued at approximately $1,092,000. Pop Culture Group makes up about 1.3% of Sabby Management LLC’s investment portfolio, making the stock its 4th largest holding. Sabby Management LLC owned approximately 31.17% of Pop Culture Group as of its most recent SEC filing.

Pop Culture Group Price Performance

Shares of Pop Culture Group stock traded down $0.01 during midday trading on Friday, reaching $0.09. 3,948,478 shares of the company’s stock traded hands, compared to its average volume of 38,514,796. The stock has a 50 day moving average of $0.31 and a 200-day moving average of $0.35. Pop Culture Group has a 12 month low of $0.09 and a 12 month high of $2.61.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings lowered shares of Pop Culture Group from a “sell (d-)” rating to a “sell (e+)” rating in a report on Thursday. One analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has an average rating of “Sell”.

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.