Society Pass Incorporated (NASDAQ:SOPA) Short Interest Update

Society Pass Incorporated (NASDAQ:SOPA) was the recipient of a significant drop in short interest in May. As of May 31st, there was short interest totalling 149,000 shares, a drop of 50.8% from the May 15th total of 303,000 shares. Based on an average daily trading volume, of 468,200 shares, the days-to-cover ratio is presently 0.3 days. Approximately 3.4% of the company’s shares are short sold.

Analysts Set New Price Targets

Separately, Ascendiant Capital Markets upped their target price on Society Pass from $14.00 to $15.00 and gave the company a “buy” rating in a report on Tuesday, May 27th.

Society Pass Stock Up 4.2%

Shares of Society Pass stock traded up $0.06 during mid-day trading on Monday, hitting $1.38. The stock had a trading volume of 114,369 shares, compared to its average volume of 1,090,009. The firm has a 50-day moving average of $1.10 and a two-hundred day moving average of $1.26. The firm has a market cap of $6.89 million, a P/E ratio of -0.27 and a beta of 1.78. Society Pass has a 12-month low of $0.64 and a 12-month high of $6.75.

Society Pass (NASDAQ:SOPA) last released its quarterly earnings data on Tuesday, May 20th. The company reported ($0.44) EPS for the quarter, missing analysts’ consensus estimates of ($0.25) by ($0.19). The business had revenue of $1.47 million during the quarter, compared to analyst estimates of $2.20 million. Society Pass had a negative net margin of 171.10% and a negative return on equity of 431.98%. Sell-side analysts expect that Society Pass will post -2.65 earnings per share for the current 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.