Short Interest in Pop Culture Group Co., Ltd (NASDAQ:CPOP) Declines By 73.0%

Pop Culture Group Co., Ltd (NASDAQ:CPOP) saw a large decline in short interest during the month of March. As of March 15th, there was short interest totalling 312,800 shares, a decline of 73.0% from the February 28th total of 1,160,000 shares. Based on an average daily trading volume, of 652,300 shares, the short-interest ratio is currently 0.5 days. Currently, 5.3% of the company’s stock are short sold.

Pop Culture Group Price Performance

Shares of CPOP opened at $0.63 on Thursday. Pop Culture Group has a 52-week low of $0.50 and a 52-week high of $4.30. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.10. The stock has a 50 day moving average price of $0.75 and a 200 day moving average price of $1.03.

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.