Society Pass Incorporated (NASDAQ:SOPA) Short Interest Down 53.9% in March

Society Pass Incorporated (NASDAQ:SOPA) saw a significant drop in short interest in March. As of March 15th, there was short interest totalling 44,100 shares, a drop of 53.9% from the February 28th total of 95,700 shares. Currently, 1.4% of the company’s stock are sold short. Based on an average daily volume of 3,350,000 shares, the short-interest ratio is currently 0.0 days.

Insider Activity at Society Pass

In other Society Pass news, Director Michael Paul Dunn, Jr. purchased 12,000 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The stock was bought at an average cost of $28,920.00 per share, with a total value of $347,040,000.00. Following the completion of the transaction, the director now owns 12,262 shares of the company’s stock, valued at $354,617,040. The trade was a 4,580.15 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. 5.60% of the stock is owned by insiders.

Institutional Inflows and Outflows

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) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 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 SEC filing. 3.09% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Society Pass Trading Down 5.9 %

Shares of NASDAQ:SOPA traded down $0.06 during mid-day trading on Friday, reaching $0.95. The company had a trading volume of 86,838 shares, compared to its average volume of 994,024. Society Pass has a one year low of $0.73 and a one year high of $6.75. The company’s 50-day moving average price is $1.73 and its 200-day moving average price is $1.21. The firm has a market cap of $3.46 million, a price-to-earnings ratio of -0.19 and a beta of 1.32.

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.