Society Pass (SOPA) Short Interest Ratio & Short Volume

Short interest is the volume of Society Pass shares that have been sold short but have not yet been covered or closed out. As of March 31st, investors have sold 285,200 shares of SOPA short. 2.09% of Society Pass' shares are currently sold short. Learn More on Society Pass' current short interest.

The short interest ratio, also known as the "days to cover ratio", is calculated by dividing the number of shares of a stock sold short divided by its average trading volume. A short interest ratio ranging between 1 and 4 generally indicates strong positive sentiment about a stock and a lack of short sellers. A short interest ratio of 10 or greater indicates strong pessimism about a stock. SOPA shares currently have a short interest ratio of 1.0. Learn More on Society Pass's short interest ratio.

Companies that have a short interest as a percentage of float below 10% indicates positive investor sentiment and few short sellers. Stocks with a short interest percentage above 10% is considered high, suggesting some investors are pessimistic about the stock. Companies with a short interest percentage of 20% or more indicates widespread negative sentiment. 2.09% of Society Pass' floating shares are currently sold short.

Society Pass saw a increase in short interest during the month of March. As of March 31st, there was short interest totaling 285,200 shares, an increase of 69.7% from the previous total of 168,100 shares. Changes in short volume can be used to identify positive and negative investor sentiment. Investors that short sell a stock are betting that its price will decline in the future. An increase in short sale volume suggests bearish (negative) sentiment among investors. A decrease on short sale volume suggests bullish (positive) sentiment.

Society Pass currently has issued a total of 37,760,000 shares. Some of Society Pass' outstanding shares are available for trading, while others are subject to various restrictions. The public float, also referred to as floating shares or "the float", are shares that publicly owned, unrestricted and available to trade on the open market. Society Pass currently has a public float of 13,630,000 shares.

2.09% of Society Pass' shares are currently sold short. Here is how the short interest of companies compare to Society Pass: Quhuo Limited (4.76%), Baosheng Media Group Holdings Limited (1.28%), TDH Holdings, Inc. (0.26%), 36Kr Holdings Inc. (0.06%), Exela Technologies, Inc. (10.38%), RiskOn International, Inc. (2.68%), ESGL Holdings Limited (0.05%), SOBR Safe, Inc. (0.68%), Color Star Technology Co., Ltd. (3.15%), KWESST Micro Systems Inc. (2.59%),

As of the most recent reporting period, the following stocks had the largest short interest positions: TC Energy Co. ($4.49 billion), T-Mobile US, Inc. ($3.94 billion), General Motors ($3.34 billion), Charter Communications, Inc. ($3.32 billion), Occidental Petroleum Co. ($3.21 billion), Super Micro Computer, Inc. ($3.13 billion), Coinbase Global, Inc. ($3.08 billion), Moderna, Inc. ($2.28 billion), Tractor Supply ($2.24 billion), and Royal Caribbean Cruises Ltd. ($2.14 billion). View all of the most shorted stocks.

Short selling SOPA is an investing strategy that aims to generate trading profit from Society Pass as its price is falling. To short a stock, an investor borrows shares, sells them and buys the shares back on the public market later to return it to the lender. Short sellers are betting that a stock will decline in price. If the stock does drop after selling, the short seller buys it back at a lower price and returns it to the lender. The difference between the sell price and the buy price is the trader's profit.

A short squeeze for Society Pass occurs when it has a large amount of short interest and its stock appreciates in price. This forces short sellers to cover their short interest positions by buying actual shares of SOPA, which in turn drives the price of the stock up even further.

Short interest is typically published by a stock exchange once per month. However, NASDAQ publishes a report for U.S. stocks, including SOPA, twice per month. The most recent reporting period available is March, 31 2024.