Society Pass Incorporated (NASDAQ:SOPA) Short Interest Down 25.0% in December

Society Pass Incorporated (NASDAQ:SOPA) saw a significant decline in short interest during the month of December. As of December 15th, there was short interest totalling 3,900 shares, a decline of 25.0% from the November 30th total of 5,200 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily volume of 51,800 shares, the short-interest ratio is presently 0.1 days.

Society Pass Stock Performance

Shares of NASDAQ:SOPA traded down $0.00 during mid-day trading on Friday, reaching $0.90. 42,140 shares of the company’s stock were exchanged, compared to its average volume of 130,559. The firm has a market capitalization of $3.29 million, a price-to-earnings ratio of -0.18 and a beta of 1.20. Society Pass has a twelve month low of $0.73 and a twelve month high of $4.92. The business’s fifty day moving average price is $0.93 and its 200-day moving average price is $1.07.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Society Pass stock. Virtu Financial LLC acquired a new position in shares of Society Pass Incorporated (NASDAQ:SOPA) in the third quarter, according to its most recent 13F filing 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.

Wall Street Analyst Weigh In

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

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.