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

Pop Culture Group Co., Ltd. (NASDAQ:CPOPGet Free Report) saw a significant growth in short interest in 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. Currently, 18.2% of the shares of the stock are short sold. Based on an average trading volume of 60,665,852 shares, the short-interest ratio is currently 0.0 days.

Pop Culture Group Stock Down 4.1%

Shares of CPOP opened at $0.11 on Friday. Pop Culture Group has a 1 year low of $0.09 and a 1 year high of $2.61. The business’s 50 day simple moving average is $0.31 and its 200-day simple moving average is $0.36.

Institutional Trading of Pop Culture Group

A hedge fund recently bought a new position in Pop Culture Group stock. Connective Capital Management LLC bought a new position in Pop Culture Group Co., Ltd. (NASDAQ:CPOPFree Report) during the third quarter, according to its most recent 13F filing with the SEC. 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 as of its most recent SEC filing.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded shares of Pop Culture Group from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, June 11th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has an average rating of “Sell”.

Read Our Latest Stock Analysis 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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