Society Pass Incorporated (NASDAQ:SOPA) Short Interest Update

Society Pass Incorporated (NASDAQ:SOPA) was the recipient of a significant decline in short interest during the month of March. As of March 31st, there was short interest totaling 87,288 shares, a decline of 16.7% from the March 15th total of 104,804 shares. Approximately 1.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 302,527 shares, the days-to-cover ratio is currently 0.3 days.

Society Pass Stock Down 5.8%

Shares of Society Pass stock opened at $0.52 on Friday. Society Pass has a twelve month low of $0.32 and a twelve month high of $6.28. The stock has a market cap of $3.96 million, a price-to-earnings ratio of -0.21 and a beta of 2.01. The company’s fifty day moving average is $0.63 and its 200 day moving average is $1.62.

Institutional Trading of Society Pass

Institutional investors have recently bought and sold shares of the company. XTX Topco Ltd bought a new stake in Society Pass during the second quarter valued at $31,000. Geode Capital Management LLC boosted its position in Society Pass by 43.3% during 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 during the last quarter. Connective Capital Management LLC bought a new stake in Society Pass during the fourth quarter valued at $282,000. Finally, HRT Financial LP bought a new stake in Society Pass during the fourth quarter valued at $350,000. Institutional investors own 3.09% of the company’s stock.

Analysts Set New Price Targets

SOPA has been the topic of several analyst reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Society Pass in a research note on Friday, March 27th. Wall Street Zen cut shares of Society Pass to a “strong sell” rating in a research note on Saturday, December 20th. Zacks Research raised shares of Society Pass from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 7th. Finally, Greenridge Global raised shares of Society Pass to a “strong-buy” rating in a research note on Monday, December 22nd. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Society Pass currently has a consensus rating of “Moderate Buy” and an average target price of $22.50.

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.