Pop Culture Group Co., Ltd. (NASDAQ:CPOP – Get Free Report) saw a significant drop in short interest in the month of September. As of September 15th, there was short interest totaling 40,497 shares, a drop of 91.9% from the August 31st total of 502,828 shares. Currently, 5.8% of the company’s stock are short sold. Based on an average daily volume of 93,256 shares, the days-to-cover ratio is presently 0.4 days.
Pop Culture Group Trading Up 5.8%
CPOP traded up $0.30 during trading on Thursday, hitting $5.47. The company had a trading volume of 61,278 shares, compared to its average volume of 565,722. Pop Culture Group has a one year low of $3.06 and a one year high of $391.50. The firm’s 50-day moving average price is $5.08 and its 200 day moving average price is $28.21.
Analyst Ratings Changes
Several equities analysts have recently weighed in on the company. Weiss Ratings reiterated a “sell (e+)” rating on shares of Pop Culture Group in a report on Tuesday. Wall Street Zen raised Pop Culture Group to a “sell” rating in a research note on Saturday, September 19th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has a consensus rating of “Sell”.
About Pop Culture Group
Pop Culture Group Co, Ltd. is a China-based culture and entertainment company that focuses on hip-hop culture and related commercial activities. The company develops and operates events designed to connect brands with consumers through music, live entertainment and youth-oriented cultural programming.
Its services include event planning and execution, brand promotion, public relations, advertising and other integrated marketing activities. Pop Culture Group has organized or supported concerts, music festivals and other entertainment events, while also using digital media, social platforms and content production to help clients reach target audiences.
The company serves primarily the Chinese market and has positioned itself at the intersection of entertainment, marketing and popular culture.
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