Society Pass Incorporated (NASDAQ:SOPA) Short Interest Update

Society Pass Incorporated (NASDAQ:SOPA) was the target of a large decrease in short interest in November. As of November 15th, there was short interest totalling 800 shares, a decrease of 91.2% from the October 31st total of 9,100 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 221,600 shares, the days-to-cover ratio is presently 0.0 days.

Wall Street Analysts Forecast Growth

Separately, Ascendiant Capital Markets dropped their target price on shares of Society Pass from $21.00 to $19.00 and set a “buy” rating on the stock in a report on Tuesday, September 3rd.

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 third quarter, according to its most recent 13F filing with the SEC. The firm 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 SEC. Hedge funds and other institutional investors own 3.09% of the company’s stock.

Society Pass Stock Performance

NASDAQ:SOPA traded up $0.01 during trading hours on Thursday, reaching $0.96. The company’s stock had a trading volume of 46,173 shares, compared to its average volume of 139,094. The company has a market capitalization of $3.49 million, a P/E ratio of -0.19 and a beta of 1.16. The stock has a 50 day moving average price of $0.98 and a two-hundred day moving average price of $1.22. Society Pass has a 12 month low of $0.73 and a 12 month high of $5.10.

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.