Society Pass Incorporated (NASDAQ:SOPA) Short Interest Up 69.2% in January

Society Pass Incorporated (NASDAQ:SOPA) was the target of a large growth in short interest in January. As of January 31st, there was short interest totalling 26,400 shares, a growth of 69.2% from the January 15th total of 15,600 shares. Based on an average trading volume of 3,080,000 shares, the short-interest ratio is presently 0.0 days. Approximately 1.0% of the company’s shares are short sold.

Analysts Set New Price Targets

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

Society Pass Stock Up 7.4 %

SOPA stock traded up $0.33 during trading on Thursday, hitting $4.78. 3,284,868 shares of the company’s stock traded hands, compared to its average volume of 7,100,840. The firm has a market capitalization of $17.43 million, a P/E ratio of -0.93 and a beta of 1.33. Society Pass has a 1 year low of $0.73 and a 1 year high of $6.75. The business has a fifty day simple moving average of $1.27 and a two-hundred day simple moving average of $1.11.

Insiders Place Their Bets

In other news, Director Michael Paul Dunn, Jr. purchased 12,000 shares of the business’s stock in a transaction dated 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 purchase, 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 purchase was disclosed in a filing with the SEC, which can be accessed through this link. 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 acquired a new stake in shares of Society Pass Incorporated (NASDAQ:SOPA) during the third quarter, according to the company in 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 approximately 0.73% of Society Pass at the end of the most recent reporting period. 3.09% of the stock is currently owned by institutional investors and hedge funds.

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.