Pop Culture Group Co., Ltd. (NASDAQ:CPOP) Short Interest Down 65.5% in June

Pop Culture Group Co., Ltd. (NASDAQ:CPOP) saw a large decline in short interest during the month of June. As of June 30th, there was short interest totaling 798,479 shares, a decline of 65.5% from the June 15th total of 2,316,263 shares. Based on an average trading volume of 10,598,664 shares, the short-interest ratio is presently 0.1 days. Approximately 6.3% of the shares of the stock are short sold.

Pop Culture Group Stock Performance

CPOP traded up $0.02 during trading on Tuesday, hitting $0.48. 10,411,459 shares of the company traded hands, compared to its average volume of 1,225,823. Pop Culture Group has a 1 year low of $0.39 and a 1 year high of $26.10. The stock’s 50-day simple moving average is $2.48 and its two-hundred day simple moving average is $3.24.

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 purchased a new position in Pop Culture Group Co., Ltd. (NASDAQ:CPOP) in the third quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 365,822 shares of the company’s stock, valued at approximately $325,000. Connective Capital Management LLC owned 9.29% of Pop Culture Group at the end of the most recent quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings cut Pop Culture Group from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Thursday, June 25th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Pop Culture Group currently has an average 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.