Short Interest in Society Pass Incorporated (NASDAQ:SOPA) Increases By 108.5%

Society Pass Incorporated (NASDAQ:SOPA) saw a significant growth in short interest during 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. Approximately 2.5% of the shares of the stock are sold short. Based on an average daily volume of 5,928,959 shares, the short-interest ratio is currently 0.0 days.

Wall Street Analysts Forecast Growth

SOPA has been the topic of several research analyst reports. Zacks Research upgraded Society Pass from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 7th. Weiss Ratings cut Society Pass from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Society Pass has a consensus rating of “Moderate Buy” and a consensus price target of $22.50.

Society Pass Stock Performance

Society Pass stock opened at $0.44 on Monday. Society Pass has a 1 year low of $0.32 and a 1 year high of $6.28. The company has a market cap of $3.33 million, a PE ratio of -0.18 and a beta of 2.01. The company’s 50-day moving average is $0.58 and its two-hundred day moving average is $1.53.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in SOPA. HRT Financial LP acquired a new position in Society Pass during the 4th quarter valued at about $350,000. Connective Capital Management LLC acquired a new position in Society Pass in the fourth quarter valued at about $282,000. XTX Topco Ltd acquired a new position in Society Pass in the second quarter valued at about $31,000. Finally, Geode Capital Management LLC lifted its stake in 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 buying an additional 14,547 shares during the period. 3.09% of the stock is currently owned by institutional investors and hedge funds.

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.