Pop Culture Group Co., Ltd. (NASDAQ:CPOP) Short Interest Update

Pop Culture Group Co., Ltd. (NASDAQ:CPOP) saw a large decrease in short interest during the month of June. As of June 30th, there was short interest totaling 798,479 shares, a decrease 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 days-to-cover ratio is presently 0.1 days. Currently, 6.3% of the company’s shares are short sold.

Institutional Investors Weigh In On Pop Culture Group

An institutional investor recently bought a new stake in Pop Culture Group stock. Connective Capital Management LLC purchased a new position in shares of Pop Culture Group Co., Ltd. (NASDAQ:CPOP) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 365,822 shares of the company’s stock, valued at approximately $325,000. Connective Capital Management LLC owned about 9.29% of Pop Culture Group at the end of the most recent reporting period.

Pop Culture Group Stock Performance

CPOP stock opened at $0.06 on Monday. The business has a fifty day simple moving average of $0.25 and a 200-day simple moving average of $0.33. Pop Culture Group has a 52 week low of $0.05 and a 52 week high of $2.61.

Analysts Set New Price Targets

Separately, Weiss Ratings cut shares of 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, Based on data from MarketBeat, the stock 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.