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

Pop Culture Group Co., Ltd. (NASDAQ:CPOP) was the recipient of a large decline in short interest in the month of September. As of September 15th, there was short interest totaling 40,497 shares, a decline of 91.9% from the August 31st total of 502,828 shares. Based on an average trading volume of 93,256 shares, the short-interest ratio is presently 0.4 days. Currently, 5.8% of the company’s shares are sold short.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Wall Street Zen raised Pop Culture Group to a “sell” rating in a research note on Saturday, September 19th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Pop Culture Group in a research note on Tuesday. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, Pop Culture Group has a consensus rating of “Sell”.

Pop Culture Group Stock Up 5.8%

NASDAQ:CPOP traded up $0.30 during trading hours on Thursday, hitting $5.47. The stock had a trading volume of 61,278 shares, compared to its average volume of 565,722. Pop Culture Group has a one year low of $3.06 and a one year high of $391.50. The business’s 50 day moving average is $5.08 and its 200-day moving average is $28.21.

Pop Culture Group Company Profile

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.