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

Society Pass Incorporated (NASDAQ:SOPA) saw a large increase in short interest in 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. Currently, 0.2% of the company’s shares are sold short. Based on an average daily volume of 68,300 shares, the short-interest ratio is presently 0.1 days.

Society Pass Price Performance

NASDAQ:SOPA opened at $0.90 on Thursday. Society Pass has a one year low of $0.73 and a one year high of $5.10. The company has a market cap of $3.28 million, a PE ratio of -0.18 and a beta of 1.20. The firm’s 50 day simple moving average is $0.95 and its 200 day simple moving average is $1.15.

Wall Street Analysts Forecast Growth

Separately, Ascendiant Capital Markets dropped their price objective on Society Pass from $19.00 to $16.00 and set a “buy” rating on the stock in a research note on Thursday, December 5th.

Institutional Trading of Society Pass

A hedge fund recently bought a new stake in Society Pass stock. Virtu Financial LLC bought a new stake in Society Pass Incorporated (NASDAQ:SOPA) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 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.

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.