Short Interest in Society Pass Incorporated (NASDAQ:SOPA) Expands By 42.2%

Society Pass Incorporated (NASDAQ:SOPA) was the recipient of a large growth in short interest during the month of October. As of October 31st, there was short interest totalling 9,100 shares, a growth of 42.2% from the October 15th total of 6,400 shares. Based on an average daily volume of 236,300 shares, the short-interest ratio is presently 0.0 days. Approximately 0.4% of the shares of the stock are sold short.

Analyst Upgrades and Downgrades

Separately, Ascendiant Capital Markets lowered their target price on Society Pass from $21.00 to $19.00 and set a “buy” rating on the stock in a report on Tuesday, September 3rd.

Society Pass Stock Performance

SOPA stock traded up $0.01 during trading on Friday, hitting $0.96. The stock had a trading volume of 23,830 shares, compared to its average volume of 142,943. Society Pass has a 1-year low of $0.73 and a 1-year high of $5.10. The stock has a market cap of $3.02 million, a price-to-earnings ratio of -0.14 and a beta of 1.16. The company’s 50 day moving average price is $0.96 and its two-hundred day moving average price is $1.28.

Society Pass (NASDAQ:SOPA) last posted its quarterly earnings data on Monday, August 19th. The company reported ($0.73) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.84) by $0.11. Society Pass had a negative net margin of 190.69% and a negative return on equity of 281.27%. The business had revenue of $1.71 million during the quarter, compared to analyst estimates of $2.33 million. As a group, sell-side analysts forecast that Society Pass will post -2.84 earnings per share for the current fiscal year.

Society Pass Company Profile

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.