Society Pass Incorporated (NASDAQ:SOPA) Short Interest Update

Society Pass Incorporated (NASDAQ:SOPA) was the target of a large growth in short interest in February. As of February 15th, there was short interest totalling 476,800 shares, a growth of 1,706.1% from the January 31st total of 26,400 shares. Based on an average daily volume of 3,320,000 shares, the short-interest ratio is currently 0.1 days. Currently, 17.2% of the company’s stock are sold short.

Analyst Ratings Changes

Separately, Ascendiant Capital Markets dropped their target price on Society Pass from $19.00 to $16.00 and set a “buy” rating on the stock in a research report on Thursday, December 5th.

Society Pass Stock Down 3.8 %

SOPA traded down $0.06 during trading hours on Thursday, hitting $1.50. 209,515 shares of the company’s stock were exchanged, compared to its average volume of 5,663,631. The stock has a market cap of $5.47 million, a price-to-earnings ratio of -0.29 and a beta of 1.33. Society Pass has a 1-year low of $0.73 and a 1-year high of $6.75. The stock’s 50-day moving average is $1.61 and its two-hundred day moving average is $1.19.

Insider Activity

In related news, Director Michael Paul Dunn, Jr. bought 12,000 shares of Society Pass stock in a transaction that occurred on Monday, February 3rd. The stock was purchased at an average cost of $28,920.00 per share, with a total value of $347,040,000.00. Following the purchase, the director now owns 12,262 shares in the company, valued at approximately $354,617,040. This trade represents a 4,580.15 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 5.60% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Society Pass

A hedge fund recently bought a new stake in Society Pass stock. Virtu Financial LLC bought a new stake in Society Pass Incorporated (NASDAQ:SOPA) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 26,772 shares of the company’s stock, valued at approximately $25,000. Virtu Financial LLC owned about 0.73% of Society Pass as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 3.09% of the company’s stock.

Society Pass Company Profile

Society Pass Incorporated acquires and operates fintech and e-commerce platforms and mobile applications for consumers and merchants in Singapore, Vietnam, Indonesia, Philippines, the United States, Malaysia, Hong Kong, and Thailand. It operates through Online Grocery and Food and Groceries Deliveries, Digital marketing, Online ticketing and reservation, Telecommunications Reseller, e-Commerce, and Merchant Point of Sale segments.