Society Pass Incorporated (NASDAQ:SOPA) Short Interest Update

Society Pass Incorporated (NASDAQ:SOPA) saw a significant decline in short interest during the month of March. As of March 13th, there was short interest totaling 104,804 shares, a decline of 61.4% from the February 26th total of 271,441 shares. Based on an average trading volume of 360,657 shares, the days-to-cover ratio is currently 0.3 days. Approximately 1.5% of the company’s shares are sold short.

Society Pass Price Performance

SOPA stock opened at $0.52 on Friday. Society Pass has a 12 month low of $0.50 and a 12 month high of $6.28. The firm’s 50-day moving average is $1.14 and its 200 day moving average is $1.70. The company has a market capitalization of $3.96 million, a PE ratio of -0.21 and a beta of 1.87.

Institutional Trading of Society Pass

Several institutional investors and hedge funds have recently modified their holdings of SOPA. Geode Capital Management LLC grew its stake in Society Pass by 43.3% in the fourth quarter. Geode Capital Management LLC now owns 48,129 shares of the company’s stock worth $183,000 after purchasing an additional 14,547 shares in the last quarter. XTX Topco Ltd bought a new stake in Society Pass during the 2nd quarter valued at $31,000. Connective Capital Management LLC bought a new stake in Society Pass during the 4th quarter valued at $282,000. Finally, HRT Financial LP purchased a new stake in shares of Society Pass in the 4th quarter worth $350,000. Institutional investors own 3.09% of the company’s stock.

Wall Street Analysts Forecast Growth

SOPA has been the subject of a number of recent research reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Society Pass in a report on Monday, December 29th. Ascendiant Capital Markets increased their price target on Society Pass from $22.00 to $22.50 and gave the company a “buy” rating in a report on Thursday, December 18th. Greenridge Global upgraded Society Pass to a “strong-buy” rating in a research report on Monday, December 22nd. Wall Street Zen lowered shares of Society Pass to a “strong sell” rating in a research note on Saturday, December 20th. Finally, Zacks Research cut shares of Society Pass from a “hold” rating to a “strong sell” rating in a research report on Friday, February 20th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $22.50.

About Society Pass

Society Pass Inc is a commerce-as-a-service holding company focused on creating and operating an omni-channel loyalty and rewards platform that connects consumers with a diversified portfolio of e-commerce marketplaces and digital services. Through its proprietary technology, the company enables users to earn and redeem loyalty points across various online and offline merchants, fostering repeat engagement for retail, travel, dining and entertainment partners. Society Pass’s model emphasizes the aggregation of customer data, personalized promotions and co-marketing programs to drive sales and brand awareness for its partner network.

The company’s core offerings include an e-commerce marketplace that spans categories such as consumer electronics, health and beauty, groceries, and lifestyle products.