Society Pass Incorporated (NASDAQ:SOPA) Short Interest Update

by · The Cerbat Gem

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

Analysts Set New Price Targets

Separately, Ascendiant Capital Markets reduced 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 report on Thursday, December 5th.

Get Our Latest Analysis on Society Pass

Insider Activity

In other Society Pass news, Director Michael Paul Dunn, Jr. purchased 12,000 shares of the stock in a transaction on Monday, February 3rd. The stock was acquired at an average price of $28,920.00 per share, with a total value of $347,040,000.00. Following the transaction, the director now directly owns 12,262 shares of the company’s stock, valued at approximately $354,617,040. This trade represents a 4,580.15 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 5.60% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Society Pass

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

Society Pass Price Performance

Shares of NASDAQ SOPA opened at $1.12 on Friday. Society Pass has a 1 year low of $0.73 and a 1 year high of $6.75. The firm has a 50-day moving average of $1.69 and a 200 day moving average of $1.20. The stock has a market cap of $4.08 million, a P/E ratio of -0.22 and a beta of 1.32.

About Society Pass

(Get Free Report)

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.

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