Short Interest in Pop Culture Group Co., Ltd. (NASDAQ:CPOP) Increases By 49.4%

Pop Culture Group Co., Ltd. (NASDAQ:CPOP) saw a large growth in short interest in the month of March. As of March 13th, there was short interest totaling 23,931 shares, a growth of 49.4% from the February 26th total of 16,020 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average daily volume of 67,457 shares, the short-interest ratio is currently 0.4 days.

Pop Culture Group Trading Up 4.0%

Shares of NASDAQ CPOP traded up $0.01 during mid-day trading on Friday, hitting $0.31. The company’s stock had a trading volume of 23,803 shares, compared to its average volume of 46,874. The company’s fifty day simple moving average is $0.35 and its 200-day simple moving average is $0.59. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.11. Pop Culture Group has a one year low of $0.30 and a one year high of $2.61.

Hedge Funds Weigh In On Pop Culture Group

A hedge fund recently bought a new stake in Pop Culture Group stock. Connective Capital Management LLC bought a new stake in Pop Culture Group Co., Ltd. (NASDAQ:CPOP) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 365,822 shares of the company’s stock, valued at approximately $325,000. Connective Capital Management LLC owned approximately 9.29% of Pop Culture Group at the end of the most recent quarter.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Pop Culture Group in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Pop Culture Group presently has a consensus rating of “Sell”.

About Pop Culture Group

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.