Short Interest in Society Pass Incorporated (NASDAQ:SOPA) Grows By 156.4%

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

Analyst Upgrades and Downgrades

Separately, Ascendiant Capital Markets reduced their target price on 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 0.1 %

Shares of NASDAQ SOPA traded up $0.00 during trading on Wednesday, reaching $0.98. 23,134 shares of the stock were exchanged, compared to its average volume of 374,518. Society Pass has a twelve month low of $0.73 and a twelve month high of $3.56. The company has a market capitalization of $3.59 million, a price-to-earnings ratio of -0.19 and a beta of 1.18. The business’s 50-day moving average price is $0.94 and its 200 day moving average price is $1.03.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Society Pass stock. Virtu Financial LLC bought a new position in Society Pass Incorporated (NASDAQ:SOPA) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm 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. 3.09% of the stock is owned by institutional investors.

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.