Short Interest in Pop Culture Group Co., Ltd. (NASDAQ:CPOP) Drops By 40.9%

Pop Culture Group Co., Ltd. (NASDAQ:CPOP) was the target of a large decline in short interest during the month of August. As of August 31st, there was short interest totaling 502,828 shares, a decline of 40.9% from the August 15th total of 850,574 shares. Approximately 39.5% of the shares of the stock are short sold. Based on an average daily volume of 327,265 shares, the short-interest ratio is presently 1.5 days.

Analyst Ratings Changes

Separately, Weiss Ratings lowered Pop Culture Group from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Thursday, June 25th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Pop Culture Group Trading Down 7.2%

Shares of CPOP stock traded down $0.24 on Wednesday, hitting $3.11. 35,127 shares of the stock traded hands, compared to its average volume of 139,585. The firm’s 50-day moving average price is $5.60 and its two-hundred day moving average price is $30.44. Pop Culture Group has a twelve month low of $3.13 and a twelve month high of $391.50.

Pop Culture Group Company Profile

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.