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

Pop Culture Group Co., Ltd (NASDAQ:CPOP) was the recipient of a large decline in short interest in the month of March. As of March 15th, there was short interest totalling 312,800 shares, a decline of 73.0% from the February 28th total of 1,160,000 shares. Currently, 5.3% of the company’s shares are sold short. Based on an average daily volume of 652,300 shares, the short-interest ratio is currently 0.5 days.

Pop Culture Group Price Performance

Shares of CPOP traded down $0.03 during trading hours on Friday, hitting $0.62. 93,941 shares of the stock were exchanged, compared to its average volume of 723,692. Pop Culture Group has a fifty-two week low of $0.50 and a fifty-two week high of $4.30. The business has a 50-day moving average of $0.74 and a 200-day moving average of $1.02. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.10.

Pop Culture Group Company Profile

Pop Culture Group Co, Ltd hosts entertainment events to corporate clients in China. The company hosts concerts and hip-hop related events, including stage plays, dance competitions, cultural and musical festivals, and promotional parties, as well as creates hip-hop related online programs; and provides event planning and execution services comprising communication, planning, design, production, reception, execution, and analysis services to advertising and media service providers, industry associations, and companies in a range of industries, such as consumer goods, real estate, tourism, entertainment, technology, e-commerce, education, and sports.