Short Interest in Pop Culture Group Co., Ltd. (NASDAQ:CPOP) Declines By 30.9%

Pop Culture Group Co., Ltd. (NASDAQ:CPOP) was the target of a significant decrease in short interest in the month of January. As of January 15th, there was short interest totaling 51,902 shares, a decrease of 30.9% from the December 31st total of 75,100 shares. Approximately 0.4% of the shares of the company are sold short. Based on an average trading volume of 45,613 shares, the days-to-cover ratio is presently 1.1 days. Based on an average trading volume of 45,613 shares, the days-to-cover ratio is presently 1.1 days. Approximately 0.4% of the shares of the company are sold short.

Pop Culture Group Trading Up 11.5%

Shares of NASDAQ:CPOP traded up $0.04 during trading on Friday, reaching $0.42. The company had a trading volume of 61,613 shares, compared to its average volume of 54,900. Pop Culture Group has a fifty-two week low of $0.37 and a fifty-two week high of $2.61. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.11. The stock’s fifty day moving average price is $0.45 and its 200 day moving average price is $0.79.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Pop Culture Group in a research report on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has a consensus rating of “Sell”.

Institutional Trading of Pop Culture Group

An institutional investor recently bought a new position in Pop Culture Group stock. Sabby Management LLC acquired a new stake in shares of Pop Culture Group Co., Ltd. (NASDAQ:CPOP) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 1,227,666 shares of the company’s stock, valued at approximately $1,092,000. Pop Culture Group comprises approximately 1.3% of Sabby Management LLC’s portfolio, making the stock its 4th biggest holding. Sabby Management LLC owned about 31.17% of Pop Culture Group at the end of the most recent quarter.

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.