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

Pop Culture Group Co., Ltd (NASDAQ:CPOP) saw a significant growth in short interest during the month of October. As of October 15th, there was short interest totalling 59,800 shares, a growth of 249.7% from the September 30th total of 17,100 shares. Currently, 2.1% of the company’s shares are sold short. Based on an average daily trading volume, of 74,100 shares, the days-to-cover ratio is presently 0.8 days.

Pop Culture Group Price Performance

Shares of CPOP remained flat at $1.24 during trading on Friday. 29,925 shares of the company’s stock were exchanged, compared to its average volume of 1,418,839. Pop Culture Group has a 1-year low of $0.91 and a 1-year high of $9.67. The business’s fifty day moving average is $1.17 and its 200-day moving average is $1.40.

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.