Pop Culture Group Co., Ltd. (NASDAQ:CPOP) Short Interest Up 978.5% in June

Pop Culture Group Co., Ltd. (NASDAQ:CPOP) saw a large increase in short interest in the month of June. As of June 15th, there was short interest totaling 2,316,263 shares, an increase of 978.5% from the May 31st total of 214,770 shares. Based on an average trading volume of 60,665,852 shares, the short-interest ratio is presently 0.0 days. Currently, 18.2% of the shares of the company are short sold.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Pop Culture Group stock. Connective Capital Management LLC acquired a new stake in shares of Pop Culture Group Co., Ltd. (NASDAQ:CPOP) in the third quarter, according to its most recent disclosure with the SEC. The firm acquired 365,822 shares of the company’s stock, valued at approximately $325,000. Connective Capital Management LLC owned approximately 9.29% of Pop Culture Group at the end of the most recent reporting period.

Pop Culture Group Stock Down 4.1%

NASDAQ CPOP opened at $0.11 on Friday. The business has a 50-day moving average price of $0.31 and a 200-day moving average price of $0.36. Pop Culture Group has a twelve month low of $0.09 and a twelve month high of $2.61.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded shares of Pop Culture Group from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, June 11th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Pop Culture Group currently has an average 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.