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

Pop Culture Group Co., Ltd. (NASDAQ:CPOP) was the recipient of a significant decrease in short interest during the month of December. As of December 15th, there was short interest totaling 104,125 shares, a decrease of 40.6% from the November 30th total of 175,364 shares. Based on an average daily trading volume, of 63,750 shares, the short-interest ratio is currently 1.6 days. Approximately 0.8% of the company’s stock are short sold. Approximately 0.8% of the company’s stock are short sold. Based on an average daily trading volume, of 63,750 shares, the short-interest ratio is currently 1.6 days.

Institutional Trading of Pop Culture Group

A hedge fund recently bought a new stake in Pop Culture Group stock. Sabby Management LLC purchased a new position in shares of Pop Culture Group Co., Ltd. (NASDAQ:CPOP) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm 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 investment portfolio, making the stock its 4th largest holding. Sabby Management LLC owned about 31.17% of Pop Culture Group as of its most recent SEC filing.

Pop Culture Group Stock Performance

NASDAQ CPOP opened at $0.44 on Tuesday. The stock has a 50-day simple moving average of $0.54 and a 200 day simple moving average of $0.81. Pop Culture Group has a twelve month low of $0.39 and a twelve month high of $2.61. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.47 and a quick ratio of 1.47.

Wall Street Analyst Weigh In

CPOP has been the subject of several recent research reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Pop Culture Group in a research report on Monday, December 22nd. Wall Street Zen raised shares of Pop Culture Group to a “hold” rating in a research report on Saturday, September 20th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has a consensus rating of “Sell”.

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.