Society Pass Incorporated (NASDAQ:SOPA) Short Interest Up 156.4% in December

Society Pass Incorporated (NASDAQ:SOPA) saw a large increase in short interest in December. As of December 31st, there was short interest totalling 10,000 shares, an increase of 156.4% from the December 15th total of 3,900 shares. Currently, 0.4% of the shares of the stock are short sold. Based on an average daily volume of 51,100 shares, the short-interest ratio is presently 0.2 days.

Wall Street Analysts Forecast Growth

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

Society Pass Stock Up 0.9 %

NASDAQ SOPA traded up $0.01 on Tuesday, reaching $0.90. The company had a trading volume of 16,659 shares, compared to its average volume of 99,728. The company’s fifty day moving average is $0.92 and its 200 day moving average is $1.04. The stock has a market capitalization of $3.27 million, a P/E ratio of -0.18 and a beta of 1.18. Society Pass has a 52-week low of $0.73 and a 52-week high of $3.95.

Institutional Investors Weigh In On Society Pass

A hedge fund recently bought a new stake in Society Pass stock. Virtu Financial LLC acquired a new stake in shares of Society Pass Incorporated (NASDAQ:SOPA) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 26,772 shares of the company’s stock, valued at approximately $25,000. Virtu Financial LLC owned 0.73% of Society Pass as of its most recent filing with the Securities and Exchange Commission (SEC). 3.09% of the stock is owned by institutional investors.

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.