Short Interest in Society Pass Incorporated (NASDAQ:SOPA) Expands By 375.6%

Society Pass Incorporated (NASDAQ:SOPA) was the recipient of a large growth in short interest during the month of April. As of April 30th, there was short interest totaling 865,672 shares, a growth of 375.6% from the April 15th total of 182,002 shares. Based on an average daily volume of 844,610 shares, the days-to-cover ratio is currently 1.0 days. Currently, 12.0% of the shares of the stock are short sold.

Society Pass Stock Performance

SOPA stock traded down $0.10 during trading on Friday, hitting $0.18. The stock had a trading volume of 3,936,978 shares, compared to its average volume of 1,866,988. The company’s 50 day moving average price is $0.49 and its two-hundred day moving average price is $1.31. Society Pass has a 1-year low of $0.14 and a 1-year high of $6.28. The stock has a market cap of $1.33 million, a price-to-earnings ratio of -0.07 and a beta of 1.80.

Institutional Trading of Society Pass

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

Wall Street Analyst Weigh In

SOPA has been the subject of several analyst reports. Zacks Research raised shares of Society Pass from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 7th. Weiss Ratings downgraded shares of Society Pass from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, April 24th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Society Pass has a consensus rating of “Moderate Buy” and an average price target of $22.50.

Society Pass Company Profile

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.