Society Pass Incorporated (NASDAQ:SOPA) Sees Significant Drop in Short Interest

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

Analyst Upgrades and Downgrades

SOPA has been the topic of a number of analyst reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Society Pass in a research note on Monday, December 29th. Zacks Research downgraded Society Pass from a “hold” rating to a “strong sell” rating in a report on Friday, February 20th. Greenridge Global raised shares of Society Pass to a “strong-buy” rating in a research note on Monday, December 22nd. Ascendiant Capital Markets lifted their price target on shares of Society Pass from $22.00 to $22.50 and gave the stock a “buy” rating in a research report on Thursday, December 18th. Finally, Wall Street Zen cut Society Pass to a “strong sell” rating in a research note on Saturday, December 20th. 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’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $22.50.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. XTX Topco Ltd bought a new stake in Society Pass in the 2nd quarter valued at approximately $31,000. Geode Capital Management LLC raised its holdings in shares of Society Pass by 43.3% in the fourth 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. Connective Capital Management LLC bought a new stake in shares of Society Pass in the fourth quarter worth $282,000. Finally, HRT Financial LP bought a new stake in shares of Society Pass in the fourth quarter worth $350,000. 3.09% of the stock is currently owned by institutional investors.

Society Pass Trading Down 3.9%

Shares of NASDAQ SOPA opened at $0.63 on Wednesday. The company has a fifty day moving average price of $1.74 and a 200 day moving average price of $1.77. The firm has a market cap of $4.81 million, a PE ratio of -0.26 and a beta of 1.87. Society Pass has a 1-year low of $0.56 and a 1-year high of $6.28.

About Society Pass

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.