Society Pass Incorporated (NASDAQ:SOPA) Short Interest Up 156.4% in January

Society Pass Incorporated (NASDAQ:SOPA) saw a significant growth in short interest in the month of January. As of January 15th, there was short interest totalling 10,000 shares, a growth of 156.4% from the December 31st total of 3,900 shares. Based on an average trading volume of 51,100 shares, the short-interest ratio is presently 0.2 days. Approximately 0.4% of the shares of the company are short sold.

Wall Street Analyst Weigh In

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

Society Pass Stock Up 0.1 %

Shares of SOPA stock traded up $0.00 on Wednesday, reaching $0.98. The company had a trading volume of 23,134 shares, compared to its average volume of 374,518. The stock has a market capitalization of $3.59 million, a PE ratio of -0.19 and a beta of 1.18. The business’s 50-day moving average is $0.94 and its 200 day moving average is $1.03. Society Pass has a one year low of $0.73 and a one year high of $3.56.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Society Pass stock. Virtu Financial LLC acquired a new position in Society Pass Incorporated (NASDAQ:SOPA) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & 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 as of its most recent SEC filing. Institutional investors and hedge funds 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.