Society Pass Incorporated (NASDAQ:SOPA) Sees Significant Growth in Short Interest

Society Pass Incorporated (NASDAQ:SOPA) was the target of a large growth in short interest during 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. Currently, 0.4% of the shares of the company are sold short. Based on an average trading volume of 51,100 shares, the short-interest ratio is currently 0.2 days.

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Society Pass stock. Virtu Financial LLC bought a new stake in shares of Society Pass Incorporated (NASDAQ:SOPA) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 26,772 shares of the company’s stock, valued at approximately $25,000. Virtu Financial LLC owned approximately 0.73% of Society Pass at the end of the most recent reporting period. Hedge funds and other institutional investors own 3.09% of the company’s stock.

Society Pass Trading Down 0.2 %

Shares of NASDAQ SOPA traded down $0.00 during trading on Thursday, reaching $0.92. 21,433 shares of the company traded hands, compared to its average volume of 84,663. The stock has a market cap of $3.34 million, a P/E ratio of -0.18 and a beta of 1.18. The firm’s fifty day simple moving average is $0.92 and its 200 day simple moving average is $1.04. Society Pass has a 12-month low of $0.73 and a 12-month high of $3.95.

About Society Pass

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.