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

Society Pass Incorporated (NASDAQ:SOPA) saw a significant growth in short interest in 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. Approximately 0.4% of the company’s shares are short sold. Based on an average trading volume of 51,100 shares, the short-interest ratio is presently 0.2 days.

Society Pass Price Performance

NASDAQ SOPA traded down $0.00 on Thursday, reaching $0.92. The company had a trading volume of 21,433 shares, compared to its average volume of 84,663. Society Pass has a 1 year low of $0.73 and a 1 year high of $3.95. The firm has a 50-day moving average of $0.92 and a 200-day moving average of $1.04. The firm has a market capitalization of $3.34 million, a PE ratio of -0.18 and a beta of 1.18.

Institutional Inflows and Outflows

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

Analyst Ratings Changes

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

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.