Pop Culture Group Co., Ltd. (NASDAQ:CPOP) Short Interest Up 233.1% in April

Pop Culture Group Co., Ltd. (NASDAQ:CPOP) was the recipient of a large growth in short interest during the month of April. As of April 30th, there was short interest totaling 155,615 shares, a growth of 233.1% from the April 15th total of 46,715 shares. Based on an average trading volume of 364,696 shares, the short-interest ratio is presently 0.4 days. Currently, 1.2% of the company’s shares are short sold.

Pop Culture Group Price Performance

Shares of CPOP stock traded down $0.01 on Friday, reaching $0.31. 48,784 shares of the company’s stock were exchanged, compared to its average volume of 83,007. Pop Culture Group has a 52 week low of $0.28 and a 52 week high of $2.61. The company’s fifty day simple moving average is $0.32 and its 200 day simple moving average is $0.41.

Institutional Investors 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 shares of Pop Culture Group Co., Ltd. (NASDAQ:CPOP) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund 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 as of its most recent SEC filing.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Pop Culture Group in a research note on Friday, April 10th. 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.