Society Pass Incorporated (NASDAQ:SOPA) Sees Large Increase in Short Interest

Society Pass Incorporated (NASDAQ:SOPA) saw a significant increase in short interest during the month of November. As of November 30th, there was short interest totalling 5,200 shares, an increase of 550.0% from the November 15th total of 800 shares. Based on an average trading volume of 68,300 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.2% of the company’s shares are sold short.

Society Pass Price Performance

Shares of NASDAQ SOPA remained flat at $0.90 during mid-day trading on Wednesday. The stock had a trading volume of 18,793 shares, compared to its average volume of 135,106. The stock has a market cap of $3.28 million, a P/E ratio of -0.18 and a beta of 1.20. The business’s fifty day moving average price is $0.95 and its 200-day moving average price is $1.15. Society Pass has a twelve month low of $0.73 and a twelve month high of $5.10.

Hedge Funds Weigh In On Society Pass

An institutional investor recently bought a new position in Society Pass stock. Virtu Financial LLC bought a new position in shares of Society Pass Incorporated (NASDAQ:SOPA) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. 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 as of its most recent filing with the SEC. Institutional investors own 3.09% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Ascendiant Capital Markets dropped 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.

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.