GD Culture Group Limited (NASDAQ:GDC) Short Interest Down 96.1% in June

GD Culture Group Limited (NASDAQ:GDC – Get Free Report) saw a significant drop in short interest during the month of June. As of June 30th, there was short interest totaling 259,370 shares, a drop of 96.1% from the June 15th total of 6,624,610 shares. Based on an average daily volume of 3,380,913 shares, the days-to-cover ratio is currently 0.1 days. Currently, 108.5% of the shares of the company are short sold.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on GDC shares. Weiss Ratings cut GD Culture Group from a “sell (d-)” rating to a “sell (e+)” rating in a report on Monday, June 15th. Wall Street Zen lowered GD Culture Group to a “strong sell” rating in a report on Saturday, July 4th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Sell”.

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GD Culture Group Price Performance

Shares of NASDAQ:GDC traded down $0.03 during trading on Friday, hitting $1.59. The company’s stock had a trading volume of 1,889,692 shares, compared to its average volume of 1,235,116. The firm has a market cap of $381,600.00, a price-to-earnings ratio of -0.00 and a beta of 1.91. The company has a 50-day moving average of $74.45 and a 200-day moving average of $653.21. GD Culture Group has a 12 month low of $1.45 and a 12 month high of $2,478.75.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. ExodusPoint Capital Management LP bought a new stake in shares of GD Culture Group during the 4th quarter valued at $106,000. Geode Capital Management LLC purchased a new position in GD Culture Group during the fourth quarter valued at $74,000. Jefferies Financial Group Inc. purchased a new position in GD Culture Group during the fourth quarter valued at $44,000. Finally, XTX Topco Ltd bought a new stake in GD Culture Group during the second quarter valued at about $97,000. Hedge funds and other institutional investors own 0.55% of the company’s stock.

About GD Culture Group

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GD Culture Group Limited operates as an integrated marketing service agency. The company focuses on enterprise brand management, crisis public relations, intelligent public opinion monitoring, media PR, financial and economic we-media operation, digital face application, exhibition services, and other businesses. It also publishes books in corporate history, finance, and economics, as well as plans and organizes online and offline activities, such as new book launches and book sharing sessions to promote new books and build influence and reputation for the corporate clients.

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