Society Pass Incorporated (NASDAQ:SOPA – Get Free Report) was the recipient of a large decline in short interest in the month of October. As of October 15th, there was short interest totalling 6,400 shares, a decline of 83.1% from the September 30th total of 37,800 shares. Based on an average daily trading volume, of 262,600 shares, the short-interest ratio is presently 0.0 days. Approximately 0.3% of the company’s shares are sold short.
Wall Street Analyst Weigh In
Separately, Ascendiant Capital Markets decreased their target price on shares of Society Pass from $21.00 to $19.00 and set a “buy” rating for the company in a report on Tuesday, September 3rd.
Read Our Latest Stock Analysis on SOPA
Society Pass Stock Down 3.7 %
Society Pass (NASDAQ:SOPA – Get Free Report) last announced its quarterly earnings data on Monday, August 19th. The company reported ($0.73) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.84) by $0.11. Society Pass had a negative return on equity of 281.27% and a negative net margin of 190.69%. The firm had revenue of $1.71 million during the quarter, compared to the consensus estimate of $2.33 million. On average, analysts predict that Society Pass will post -2.84 earnings per share for the current year.
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.
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