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

Society Pass Incorporated (NASDAQ:SOPA) was the target of a large growth in short interest in 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 trading volume of 2,115,005 shares, the short-interest ratio is currently 0.7 days. Approximately 20.1% of the company’s stock are short sold. Approximately 20.1% of the company’s stock are short sold. Based on an average trading volume of 2,115,005 shares, the short-interest ratio is currently 0.7 days.

Institutional Investors Weigh In On Society Pass

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

Wall Street Analyst Weigh In

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

Society Pass Stock Up 7.7%

NASDAQ SOPA opened at $0.76 on Friday. The firm has a market cap of $5.79 million, a P/E ratio of -0.31 and a beta of 1.76. Society Pass has a 52-week low of $0.56 and a 52-week high of $6.28. The business’s 50-day moving average price is $1.91 and its 200 day moving average price is $1.80.

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.