Society Pass Incorporated (NASDAQ:SOPA) Short Interest Update

Society Pass Incorporated (NASDAQ:SOPA) was the recipient of a large growth in short interest in the month of December. As of December 31st, there was short interest totalling 10,000 shares, a growth of 156.4% from the December 15th total of 3,900 shares. Approximately 0.4% of the company’s shares are short sold. Based on an average trading volume of 51,100 shares, the short-interest ratio is currently 0.2 days.

Hedge Funds Weigh In On Society Pass

A hedge fund recently bought a new stake in Society Pass stock. Virtu Financial LLC purchased a new stake in shares of Society Pass Incorporated (NASDAQ:SOPA) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 26,772 shares of the company’s stock, valued at approximately $25,000. Virtu Financial LLC owned 0.73% of Society Pass at the end of the most recent quarter. 3.09% of the stock is currently owned by institutional investors and hedge funds.

Society Pass Stock Down 0.2 %

Shares of SOPA traded down $0.00 during mid-day trading on Thursday, hitting $0.92. The company had a trading volume of 21,433 shares, compared to its average volume of 84,663. Society Pass has a 1-year low of $0.73 and a 1-year high of $3.95. The business’s 50-day simple moving average is $0.92 and its 200-day simple moving average is $1.04. The stock has a market cap of $3.34 million, a PE ratio of -0.18 and a beta of 1.18.

Analyst Ratings Changes

Separately, Ascendiant Capital Markets reduced their price target on Society Pass from $19.00 to $16.00 and set a “buy” rating on the stock in a research note on Thursday, December 5th.

Society Pass Company Profile

Society Pass Incorporated acquires and operates fintech and e-commerce platforms and mobile applications for consumers and merchants in Singapore, Vietnam, Indonesia, Philippines, the United States, Malaysia, Hong Kong, and Thailand. It operates through Online Grocery and Food and Groceries Deliveries, Digital marketing, Online ticketing and reservation, Telecommunications Reseller, e-Commerce, and Merchant Point of Sale segments.