Society Pass Incorporated (NASDAQ:SOPA) Short Interest Update

Society Pass Incorporated (NASDAQ:SOPA) 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.

Society Pass Stock Down 3.7 %

Shares of SOPA traded down $0.04 during mid-day trading on Friday, reaching $0.95. The company’s stock had a trading volume of 83,975 shares, compared to its average volume of 151,851. Society Pass has a 1 year low of $0.73 and a 1 year high of $6.60. The company has a market cap of $3.00 million, a price-to-earnings ratio of -0.14 and a beta of 1.19. The business has a fifty day moving average of $0.97 and a 200 day moving average of $1.39.

Society Pass (NASDAQ:SOPA) 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.