Society Pass Incorporated (NASDAQ:SOPA) Short Interest Update

Society Pass Incorporated (NASDAQ:SOPA) was the recipient of a large decrease in short interest during the month of April. As of April 15th, there was short interest totalling 64,600 shares, a decrease of 77.3% from the March 31st total of 285,200 shares. Currently, 0.4% of the shares of the company are short sold. Based on an average daily volume of 466,900 shares, the days-to-cover ratio is presently 0.1 days.

Society Pass Stock Performance

Shares of NASDAQ:SOPA remained flat at $0.15 during midday trading on Thursday. 332,403 shares of the stock traded hands, compared to its average volume of 460,359. The business’s 50-day moving average is $0.16 and its 200 day moving average is $0.23. The stock has a market cap of $5.66 million, a P/E ratio of -0.23 and a beta of 1.19. Society Pass has a 12-month low of $0.10 and a 12-month high of $1.16.

Society Pass (NASDAQ:SOPA) last posted its quarterly earnings data on Monday, April 15th. The company reported ($0.18) earnings per share (EPS) for the quarter. The firm had revenue of $1.67 million during the quarter. Society Pass had a negative net margin of 221.90% and a negative return on equity of 167.70%. Sell-side analysts forecast that Society Pass will post -0.27 EPS for the current year.

Analysts Set New Price Targets

Separately, Maxim Group reissued a “hold” rating on shares of Society Pass in a report on Wednesday, April 17th.

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.