Short Interest in Pop Culture Group Co., Ltd. (NASDAQ:CPOP) Rises By 233.1%

Pop Culture Group Co., Ltd. (NASDAQ:CPOPGet Free Report) was the recipient of a large increase in short interest during the month of April. As of April 30th, there was short interest totaling 155,615 shares, an increase of 233.1% from the April 15th total of 46,715 shares. Currently, 1.2% of the shares of the stock are sold short. Based on an average trading volume of 364,696 shares, the days-to-cover ratio is currently 0.4 days.

Hedge Funds Weigh In On Pop Culture Group

An institutional investor recently bought a new position in Pop Culture Group stock. Connective Capital Management LLC acquired a new stake in shares of Pop Culture Group Co., Ltd. (NASDAQ:CPOPFree Report) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor acquired 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 Stock Performance

Shares of Pop Culture Group stock traded up $0.02 on Thursday, hitting $0.32. 131,369 shares of the company traded hands, compared to its average volume of 103,416. Pop Culture Group has a 12-month low of $0.28 and a 12-month high of $2.61. The firm’s 50-day simple moving average is $0.32 and its 200 day simple moving average is $0.41.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Pop Culture Group in a research report on Friday, April 10th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has a consensus rating of “Sell”.

Read Our Latest Report on CPOP

Pop Culture Group Company Profile

(Get Free Report)

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.

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