(CPOP) - Analyzing Pop Culture Gr's Short Interest
Portfolio Pulse from Benzinga Insights
Pop Culture Gr (NYSE:CPOP) has seen a 2000% increase in its short percent of float, now at 1.47% with 23 thousand shares sold short. It takes traders approximately 1 day to cover their short positions. This rise in short interest indicates a more bearish market sentiment towards CPOP, although it has less short interest compared to its peer group average of 5.14%. The increase in short interest doesn't necessarily predict a near-term price fall.
March 01, 2024 | 8:45 pm
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Pop Culture Gr's short interest has significantly increased, indicating a bearish market sentiment but still below peer average.
The substantial increase in short interest suggests that investors are becoming more bearish on CPOP, potentially leading to downward pressure on its stock price in the short term. However, being below the peer average might mitigate some negative impact.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90