Society Pass Incorporated (NASDAQ:SOPA) Short Interest Update

Society Pass Incorporated (NASDAQ:SOPA) saw a large growth in short interest in the month of February. As of February 13th, there was short interest totaling 1,442,711 shares, a growth of 160.4% from the January 29th total of 554,072 shares. Based on an average daily volume of 2,115,005 shares, the short-interest ratio is currently 0.7 days. Approximately 20.1% of the shares of the company are sold short. Approximately 20.1% of the shares of the company are sold short. Based on an average daily volume of 2,115,005 shares, the short-interest ratio is currently 0.7 days.

Institutional Trading of Society Pass

Institutional investors and hedge funds have recently made changes to their positions in the stock. XTX Topco Ltd acquired a new stake in shares of Society Pass during the second quarter valued at $31,000. Geode Capital Management LLC raised its stake in Society Pass by 43.3% in the 4th quarter. Geode Capital Management LLC now owns 48,129 shares of the company’s stock valued at $183,000 after purchasing an additional 14,547 shares during the last quarter. Connective Capital Management LLC purchased a new position in Society Pass in the 4th quarter valued at about $282,000. Finally, HRT Financial LP acquired a new stake in shares of Society Pass during the 4th quarter worth about $350,000. 3.09% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on SOPA. Wall Street Zen downgraded Society Pass to a “strong sell” rating in a research note on Saturday, December 20th. Zacks Research lowered shares of Society Pass from a “hold” rating to a “strong sell” rating in a research report on Friday, February 20th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Society Pass in a research note on Monday, December 29th. Greenridge Global upgraded shares of Society Pass to a “strong-buy” rating in a research note on Monday, December 22nd. Finally, Ascendiant Capital Markets boosted their price objective on shares of Society Pass from $22.00 to $22.50 and gave the stock a “buy” rating in a report on Thursday, December 18th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $22.50.

Society Pass Stock Performance

Society Pass stock opened at $0.76 on Friday. Society Pass has a fifty-two week low of $0.56 and a fifty-two week high of $6.28. The firm has a market capitalization of $5.79 million, a price-to-earnings ratio of -0.31 and a beta of 1.76. The stock’s fifty day moving average is $1.91 and its two-hundred day moving average is $1.80.

Society Pass Company Profile

Society Pass Inc is a commerce-as-a-service holding company focused on creating and operating an omni-channel loyalty and rewards platform that connects consumers with a diversified portfolio of e-commerce marketplaces and digital services. Through its proprietary technology, the company enables users to earn and redeem loyalty points across various online and offline merchants, fostering repeat engagement for retail, travel, dining and entertainment partners. Society Pass’s model emphasizes the aggregation of customer data, personalized promotions and co-marketing programs to drive sales and brand awareness for its partner network.

The company’s core offerings include an e-commerce marketplace that spans categories such as consumer electronics, health and beauty, groceries, and lifestyle products.