Society Pass Incorporated (NASDAQ:SOPA) Short Interest Down 79.9% in February

Society Pass Incorporated (NASDAQ:SOPA) was the target of a large decrease in short interest in 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 short-interest ratio is currently 0.0 days. Approximately 3.0% of the shares of the stock are short sold.

Insider Buying and Selling

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

Institutional Investors Weigh In On Society Pass

An institutional investor recently bought a new position in Society Pass stock. Virtu Financial LLC acquired a new stake in Society Pass Incorporated (NASDAQ:SOPA) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 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. Institutional investors own 3.09% of the company’s stock.

Analysts Set New Price Targets

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

Society Pass Price Performance

Shares of NASDAQ:SOPA opened at $1.19 on Thursday. Society Pass has a one year low of $0.73 and a one year high of $6.75. The firm has a market capitalization of $4.34 million, a price-to-earnings ratio of -0.23 and a beta of 1.32. The company’s fifty day moving average price is $1.69 and its 200-day moving average price is $1.20.

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.