Society Pass Incorporated (NASDAQ:SOPA) Short Interest Update

Society Pass Incorporated (NASDAQ:SOPA) saw a large decrease in short interest during the month of February. As of February 28th, there was short interest totalling 95,700 shares, a decrease of 79.9% from the February 13th total of 476,800 shares. Based on an average daily volume of 3,350,000 shares, the days-to-cover ratio is currently 0.0 days. Currently, 3.0% of the company’s shares are short sold.

Insider Activity

In other Society Pass news, Director Michael Paul Dunn, Jr. acquired 12,000 shares of the stock in a transaction on Monday, February 3rd. The shares were purchased at an average price of $28,920.00 per share, for a total transaction of $347,040,000.00. Following the completion of the acquisition, the director now owns 12,262 shares in the company, valued at approximately $354,617,040. This represents a 4,580.15 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 5.60% of the company’s stock.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Society Pass stock. Virtu Financial LLC purchased a new stake in Society Pass Incorporated (NASDAQ:SOPA) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund 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 SEC filing. Institutional investors and hedge funds own 3.09% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Ascendiant Capital Markets lowered their target price on shares of Society Pass from $19.00 to $16.00 and set a “buy” rating for the company in a report on Thursday, December 5th.

Society Pass Stock Performance

SOPA traded down $0.02 on Wednesday, reaching $1.21. The company had a trading volume of 67,682 shares, compared to its average volume of 4,613,798. The business has a 50 day simple moving average of $1.68 and a 200 day simple moving average of $1.20. The company has a market cap of $4.41 million, a price-to-earnings ratio of -0.24 and a beta of 1.32. Society Pass has a 52-week low of $0.73 and a 52-week high of $6.75.

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.