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

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

Analysts Set New Price Targets

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

Hedge Funds Weigh In On Society Pass

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) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 26,772 shares of the company’s stock, valued at approximately $25,000. Virtu Financial LLC owned 0.73% of Society Pass as of its most recent filing with the Securities and Exchange Commission (SEC). 3.09% of the stock is owned by institutional investors.

Society Pass Trading Down 0.2 %

Shares of NASDAQ SOPA traded down $0.00 during midday trading 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 business’s 50-day simple moving average is $0.92 and its 200 day simple moving average is $1.04. The stock has a market cap of $3.34 million, a P/E ratio of -0.18 and a beta of 1.18.

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.