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

Society Pass Incorporated (NASDAQ:SOPA) was the recipient of a significant growth in short interest in the month of April. As of April 15th, there was short interest totaling 182,002 shares, a growth of 108.5% from the March 31st total of 87,288 shares. Based on an average daily trading volume, of 5,928,959 shares, the days-to-cover ratio is presently 0.0 days. Currently, 2.5% of the shares of the company are short sold.

Analyst Ratings Changes

SOPA has been the subject of a number of analyst reports. Zacks Research upgraded Society Pass from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 7th. Weiss Ratings lowered Society Pass from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $22.50.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. HRT Financial LP acquired a new stake in shares of Society Pass in the fourth quarter valued at approximately $350,000. Geode Capital Management LLC increased its stake in shares of Society Pass by 43.3% in the 4th quarter. Geode Capital Management LLC now owns 48,129 shares of the company’s stock worth $183,000 after acquiring an additional 14,547 shares during the last quarter. XTX Topco Ltd acquired a new position in shares of Society Pass during the 2nd quarter valued at about $31,000. Finally, Connective Capital Management LLC purchased a new stake in shares of Society Pass in the fourth quarter valued at about $282,000. 3.09% of the stock is owned by hedge funds and other institutional investors.

Society Pass Stock Performance

Shares of NASDAQ:SOPA traded down $0.01 during midday trading on Tuesday, reaching $0.41. 145,800 shares of the company’s stock traded hands, compared to its average volume of 2,029,729. The company has a market cap of $3.14 million, a P/E ratio of -0.17 and a beta of 2.01. The company has a fifty day simple moving average of $0.57 and a two-hundred day simple moving average of $1.51. Society Pass has a 1 year low of $0.32 and a 1 year high of $6.28.

About Society Pass

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.