Pop Culture Group Co., Ltd. (NASDAQ:CPOP) Sees Significant Increase in Short Interest

Pop Culture Group Co., Ltd. (NASDAQ:CPOP) saw a significant increase in short interest in April. As of April 15th, there was short interest totaling 46,715 shares, an increase of 85.6% from the March 31st total of 25,174 shares. Approximately 0.4% of the company’s shares are short sold. Based on an average daily volume of 139,710 shares, the days-to-cover ratio is presently 0.3 days.

Pop Culture Group Trading Down 4.6%

Shares of NASDAQ CPOP traded down $0.02 during mid-day trading on Tuesday, reaching $0.32. 11,567 shares of the company’s stock were exchanged, compared to its average volume of 112,760. Pop Culture Group has a twelve month low of $0.28 and a twelve month high of $2.61. The business has a fifty day simple moving average of $0.32 and a 200 day simple moving average of $0.45.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Pop Culture Group in a research report on Friday, April 10th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, Pop Culture Group currently has an average rating of “Sell”.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Pop Culture Group stock. Sabby Management LLC purchased a new stake in Pop Culture Group Co., Ltd. (NASDAQ:CPOP) in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 1,227,666 shares of the company’s stock, valued at approximately $1,092,000. Pop Culture Group accounts for approximately 1.3% of Sabby Management LLC’s holdings, making the stock its 4th biggest holding. Sabby Management LLC owned 31.17% of Pop Culture Group at the end of the most recent reporting period.

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.