Pop Culture Group Co., Ltd. (NASDAQ:CPOP) Stock Short Interest Drops 91.9%

Pop Culture Group Co., Ltd. (NASDAQ:CPOP – Get Free Report) was the target of a large 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. Approximately 5.8% of the company’s shares are short sold. Based on an average daily trading volume, of 93,256 shares, the days-to-cover ratio is presently 0.4 days.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Weiss Ratings reissued a “sell (e+)” rating on shares of Pop Culture Group in a research note on Tuesday. Wall Street Zen raised Pop Culture Group to a “sell” rating in a research report on Saturday, September 19th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has an average rating of “Sell”.

View Our Latest Research Report on CPOP

Pop Culture Group Trading Down 7.1%

Shares of NASDAQ:CPOP traded down $0.39 during midday trading on Friday, reaching $5.08. 39,328 shares of the company were exchanged, compared to its average volume of 586,310. Pop Culture Group has a fifty-two week low of $3.06 and a fifty-two week high of $382.50. The stock has a fifty day simple moving average of $5.06 and a two-hundred day simple moving average of $28.05.

About Pop Culture Group

(Get Free Report)

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.

Further Reading

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