GD Culture Group Limited (NASDAQ:GDC) Short Interest Up 6,867.6% in May

GD Culture Group Limited (NASDAQ:GDC) saw a significant growth in short interest in the month of May. As of May 15th, there was short interest totaling 8,337,457 shares, a growth of 6,867.6% from the April 30th total of 119,661 shares. Based on an average trading volume of 92,805,293 shares, the days-to-cover ratio is currently 0.1 days. Approximately 13.9% of the shares of the company are short sold.

Analyst Ratings Changes

Separately, Weiss Ratings downgraded GD Culture Group from a “sell (d-)” rating to a “sell (e+)” rating in a report on Wednesday, May 13th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, GD Culture Group currently has an average rating of “Sell”.

GD Culture Group Price Performance

Shares of GDC stock opened at $0.11 on Thursday. The company has a market cap of $6.50 million, a price-to-earnings ratio of -0.01 and a beta of 2.10. The stock has a 50 day simple moving average of $2.39 and a 200-day simple moving average of $3.52. GD Culture Group has a 1-year low of $0.09 and a 1-year high of $9.92.

GD Culture Group declared that its Board of Directors has authorized a stock buyback program on Wednesday, February 18th that allows the company to buyback $0.00 in shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company’s board of directors believes its stock is undervalued.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in GDC. XTX Topco Ltd acquired a new position in shares of GD Culture Group during the 2nd quarter worth approximately $97,000. Jefferies Financial Group Inc. acquired a new position in GD Culture Group in the 4th quarter valued at $44,000. Geode Capital Management LLC acquired a new position in GD Culture Group in the 4th quarter valued at $74,000. Finally, ExodusPoint Capital Management LP acquired a new position in GD Culture Group in the 4th quarter valued at $106,000. 0.55% of the stock is owned by institutional investors and hedge funds.

About GD Culture Group

GD Culture Group Limited operates as an integrated marketing service agency. The company focuses on enterprise brand management, crisis public relations, intelligent public opinion monitoring, media PR, financial and economic we-media operation, digital face application, exhibition services, and other businesses. It also publishes books in corporate history, finance, and economics, as well as plans and organizes online and offline activities, such as new book launches and book sharing sessions to promote new books and build influence and reputation for the corporate clients.