Short Interest in Society Pass Incorporated (NASDAQ:SOPA) Decreases By 91.2%

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

Society Pass Trading Up 0.3 %

Shares of SOPA traded up $0.00 on Wednesday, reaching $0.95. The company’s stock had a trading volume of 33,081 shares, compared to its average volume of 139,007. Society Pass has a twelve month low of $0.73 and a twelve month high of $5.10. The firm has a fifty day moving average of $0.98 and a 200-day moving average of $1.22.

Institutional Investors Weigh In On Society Pass

A hedge fund recently bought a new stake in Society Pass stock. Virtu Financial LLC acquired a new stake in Society Pass Incorporated (NASDAQ:SOPA) in the 3rd quarter, according to the company in its most recent filing with the 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 as of its most recent filing with the SEC. 3.09% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

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.