Short Interest in Pop Culture Group Co., Ltd (NASDAQ:CPOP) Decreases By 40.1%

Pop Culture Group Co., Ltd (NASDAQ:CPOP) was the recipient of a large drop in short interest in the month of October. As of October 31st, there was short interest totalling 35,800 shares, a drop of 40.1% from the October 15th total of 59,800 shares. Based on an average daily trading volume, of 67,400 shares, the short-interest ratio is currently 0.5 days. Currently, 1.3% of the company’s stock are sold short.

Pop Culture Group Stock Performance

CPOP stock traded up $0.05 during mid-day trading on Thursday, hitting $1.27. 38,593 shares of the company were exchanged, compared to its average volume of 1,330,987. The firm’s 50 day simple moving average is $1.19 and its 200 day simple moving average is $1.34. Pop Culture Group has a 1-year low of $0.91 and a 1-year high of $9.67.

About Pop Culture Group

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.