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

Society Pass Incorporated (NASDAQ:SOPA) was the recipient of a large decline in short interest in 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. Currently, 3.8% of the company’s shares are short sold. Based on an average daily trading volume, of 1,255,743 shares, the short-interest ratio is currently 0.2 days. Based on an average daily trading volume, of 1,255,743 shares, the short-interest ratio is currently 0.2 days. Currently, 3.8% of the company’s shares are short sold.

Society Pass Trading Down 3.9%

Society Pass stock traded down $0.03 during midday trading on Tuesday, reaching $0.63. 273,792 shares of the stock traded hands, compared to its average volume of 1,939,330. The company has a 50-day simple moving average of $1.80 and a two-hundred day simple moving average of $1.77. Society Pass has a 12-month low of $0.56 and a 12-month high of $6.28. The firm has a market cap of $4.80 million, a PE ratio of -0.26 and a beta of 1.87.

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. HRT Financial LP purchased a new position in shares of Society Pass in the fourth quarter valued at approximately $350,000. Geode Capital Management LLC increased its stake in Society Pass by 43.3% during the 4th quarter. Geode Capital Management LLC now owns 48,129 shares of the company’s stock worth $183,000 after buying an additional 14,547 shares during the period. XTX Topco Ltd acquired a new stake in Society Pass during the 2nd quarter worth approximately $31,000. Finally, Connective Capital Management LLC acquired a new stake in Society Pass during the 4th quarter worth approximately $282,000. Hedge funds and other institutional investors own 3.09% of the company’s stock.

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.