Pop Culture Group Co., Ltd. (NASDAQ:CPOP) Short Interest Update

Pop Culture Group Co., Ltd. (NASDAQ:CPOP) was the target of a large growth in short interest during the month of September. As of September 30th, there was short interest totaling 944,000 shares, a growth of 109.1% from the September 15th total of 451,500 shares. Based on an average trading volume of 3,330,000 shares, the days-to-cover ratio is currently 0.3 days. Approximately 3.2% of the company’s shares are short sold. Approximately 3.2% of the company’s shares are short sold. Based on an average trading volume of 3,330,000 shares, the days-to-cover ratio is currently 0.3 days.

Pop Culture Group Price Performance

Shares of NASDAQ:CPOP opened at $0.79 on Monday. The business has a 50-day moving average price of $1.15 and a 200 day moving average price of $0.82. Pop Culture Group has a 12-month low of $0.46 and a 12-month high of $2.61.

Analysts Set New Price Targets

A number of analysts have issued reports on CPOP shares. Wall Street Zen raised Pop Culture Group to a “hold” rating in a research note on Saturday, September 20th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Pop Culture Group in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Pop Culture Group Company Profile

Pop Culture Group Co, Ltd hosts entertainment events to corporate clients in China. The company hosts concerts and hip-hop related events, including stage plays, dance competitions, cultural and musical festivals, and promotional parties, as well as creates hip-hop related online programs; and provides event planning and execution services comprising communication, planning, design, production, reception, execution, and analysis services to advertising and media service providers, industry associations, and companies in a range of industries, such as consumer goods, real estate, tourism, entertainment, technology, e-commerce, education, and sports.