Society Pass Incorporated (NASDAQ:SOPA) Short Interest Down 25.0% in December

Society Pass Incorporated (NASDAQ:SOPA) was the recipient of a large decline in short interest in December. As of December 15th, there was short interest totalling 3,900 shares, a decline of 25.0% from the November 30th total of 5,200 shares. Based on an average trading volume of 51,800 shares, the short-interest ratio is presently 0.1 days. Currently, 0.1% of the shares of the stock are short sold.

Analysts Set New Price Targets

Separately, Ascendiant Capital Markets decreased their price objective on shares of Society Pass from $19.00 to $16.00 and set a “buy” rating on the stock in a research note on Thursday, December 5th.

Institutional Inflows and Outflows

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

Society Pass Stock Performance

Shares of Society Pass stock traded down $0.00 during trading on Friday, reaching $0.90. 42,140 shares of the company’s stock were exchanged, compared to its average volume of 130,559. The firm’s 50-day moving average price is $0.93 and its 200 day moving average price is $1.07. The company has a market cap of $3.29 million, a P/E ratio of -0.18 and a beta of 1.20. Society Pass has a 1-year low of $0.73 and a 1-year high of $4.92.

About Society Pass

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.