Society Pass Incorporated (NASDAQ:SOPA) Short Interest Down 81.2% in February

Society Pass Incorporated (NASDAQ:SOPA) was the target of a large decline in short interest during the month of February. As of February 27th, there was short interest totaling 271,441 shares, a decline of 81.2% from the February 12th total of 1,442,711 shares. Approximately 3.8% of the shares of the stock are short sold. Based on an average daily volume of 1,255,743 shares, the short-interest ratio is presently 0.2 days. Based on an average daily volume of 1,255,743 shares, the short-interest ratio is presently 0.2 days. Approximately 3.8% of the shares of the stock are short sold.

Society Pass Stock Down 3.9%

Shares of Society Pass stock traded down $0.03 during mid-day trading on Tuesday, hitting $0.63. The stock had a trading volume of 273,792 shares, compared to its average volume of 1,939,330. The firm has a 50-day moving average of $1.80 and a two-hundred day moving average of $1.77. The firm has a market cap of $4.80 million, a P/E ratio of -0.26 and a beta of 1.87. Society Pass has a 12-month low of $0.56 and a 12-month high of $6.28.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. HRT Financial LP purchased a new stake in Society Pass in the fourth quarter valued at $350,000. Geode Capital Management LLC lifted its stake in shares of Society Pass by 43.3% in the 4th quarter. Geode Capital Management LLC now owns 48,129 shares of the company’s stock valued at $183,000 after purchasing an additional 14,547 shares during the last quarter. XTX Topco Ltd purchased a new position in shares of Society Pass during the 2nd quarter worth $31,000. Finally, Connective Capital Management LLC purchased a new position in shares of Society Pass during the 4th quarter worth $282,000. 3.09% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on SOPA. Zacks Research lowered Society Pass from a “hold” rating to a “strong sell” rating in a research report on Friday, February 20th. Ascendiant Capital Markets boosted their price objective on Society Pass from $22.00 to $22.50 and gave the stock a “buy” rating in a research note on Thursday, December 18th. Greenridge Global upgraded Society Pass to a “strong-buy” rating in a report on Monday, December 22nd. Wall Street Zen downgraded Society Pass to a “strong sell” rating in a research note on Saturday, December 20th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Society Pass in a report on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $22.50.

Society Pass Company Profile

Society Pass Inc is a commerce-as-a-service holding company focused on creating and operating an omni-channel loyalty and rewards platform that connects consumers with a diversified portfolio of e-commerce marketplaces and digital services. Through its proprietary technology, the company enables users to earn and redeem loyalty points across various online and offline merchants, fostering repeat engagement for retail, travel, dining and entertainment partners. Society Pass’s model emphasizes the aggregation of customer data, personalized promotions and co-marketing programs to drive sales and brand awareness for its partner network.

The company’s core offerings include an e-commerce marketplace that spans categories such as consumer electronics, health and beauty, groceries, and lifestyle products.