Society Pass Incorporated (NASDAQ:SOPA) Short Interest Update

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

Hedge Funds Weigh In On Society Pass

Several hedge funds and other institutional investors have recently modified their holdings of the company. HRT Financial LP purchased a new stake in shares of Society Pass during the fourth quarter worth about $350,000. Connective Capital Management LLC purchased a new position in Society Pass during the 4th quarter valued at about $282,000. XTX Topco Ltd purchased a new position in Society Pass during the 2nd quarter valued at about $31,000. Finally, Geode Capital Management LLC raised its position in Society Pass by 43.3% during 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. 3.09% of the stock is owned by institutional investors.

Society Pass Stock Up 7.5%

NASDAQ:SOPA opened at $0.68 on Thursday. The firm has a market capitalization of $5.17 million, a P/E ratio of -0.28 and a beta of 1.87. The company has a fifty day moving average of $1.68 and a 200 day moving average of $1.76. Society Pass has a 52 week low of $0.56 and a 52 week high of $6.28.

Wall Street Analyst Weigh In

Several equities analysts recently commented on SOPA shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Society Pass in a report on Monday, December 29th. Ascendiant Capital Markets upped their price target on shares of Society Pass from $22.00 to $22.50 and gave the company a “buy” rating in a research report on Thursday, December 18th. Wall Street Zen cut Society Pass to a “strong sell” rating in a research note on Saturday, December 20th. Zacks Research downgraded Society Pass from a “hold” rating to a “strong sell” rating in a report on Friday, February 20th. Finally, Greenridge Global raised Society Pass to a “strong-buy” rating in a research note on Monday, December 22nd. One research 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. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $22.50.

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.