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

Pop Culture Group Co., Ltd (NASDAQ:CPOP) was the recipient of a large decrease in short interest during the month of March. As of March 31st, there was short interest totalling 187,700 shares, a decrease of 40.0% from the March 15th total of 312,800 shares. Approximately 3.2% of the shares of the stock are short sold. Based on an average trading volume of 651,000 shares, the days-to-cover ratio is currently 0.3 days.

Pop Culture Group Price Performance

Shares of CPOP traded up $0.05 during mid-day trading on Thursday, hitting $0.59. 12,989 shares of the company traded hands, compared to its average volume of 719,487. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.61 and a quick ratio of 1.61. The business has a 50-day moving average of $0.63 and a 200 day moving average of $0.96. Pop Culture Group has a one year low of $0.46 and a one year high of $4.30.

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.