Society Pass Incorporated (NASDAQ:SOPA) Sees Large Increase in Short Interest

Society Pass Incorporated (NASDAQ:SOPA) saw a significant increase in short interest in January. As of January 30th, there was short interest totaling 554,072 shares, an increase of 65.1% from the January 15th total of 335,500 shares. Based on an average daily trading volume, of 2,143,190 shares, the short-interest ratio is currently 0.3 days. Approximately 7.7% of the company’s stock are sold short. Approximately 7.7% of the company’s stock are sold short. Based on an average daily trading volume, of 2,143,190 shares, the short-interest ratio is currently 0.3 days.

Institutional Trading of Society Pass

A number of hedge funds have recently added to or reduced their stakes in the stock. XTX Topco Ltd purchased a new position in shares of Society Pass in the 2nd quarter valued at approximately $31,000. Geode Capital Management LLC grew its position in Society Pass by 43.3% in the 4th quarter. Geode Capital Management LLC now owns 48,129 shares of the company’s stock valued at $183,000 after buying an additional 14,547 shares during the last quarter. Finally, HRT Financial LP acquired a new position in Society Pass in the 4th quarter valued at $350,000. 3.09% of the stock is owned by institutional investors and hedge funds.

Society Pass Stock Up 12.3%

NASDAQ:SOPA traded up $0.08 during trading hours on Friday, reaching $0.72. 1,680,717 shares of the company’s stock were exchanged, compared to its average volume of 2,139,043. The firm has a market capitalization of $5.48 million, a price-to-earnings ratio of -0.30 and a beta of 1.76. The company has a 50-day moving average of $2.01 and a 200 day moving average of $1.83. Society Pass has a 1-year low of $0.56 and a 1-year high of $6.28.

Society Pass (NASDAQ:SOPA) last posted its quarterly earnings data on Friday, November 14th. The company reported ($0.89) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.82). Society Pass had a negative net margin of 145.99% and a negative return on equity of 343.41%. The business had revenue of $1.38 million during the quarter, compared to analyst estimates of $2.40 million. Research analysts forecast that Society Pass will post -2.65 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on SOPA. Ascendiant Capital Markets raised their target price on Society Pass from $22.00 to $22.50 and gave the stock a “buy” rating in a research report on Thursday, December 18th. Greenridge Global raised shares of Society Pass to a “strong-buy” rating in a report on Monday, December 22nd. Zacks Research downgraded shares of Society Pass from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 14th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Society Pass in a research report on Monday, December 29th. Finally, Wall Street Zen cut shares of Society Pass to a “strong sell” rating in a research report on Saturday, December 20th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $22.50.

About Society Pass

Society Pass Inc is a commerce-as-a-service holding company focused on creating and operating an omni-channel loyalty and rewards platform that connects consumers with a diversified portfolio of e-commerce marketplaces and digital services. Through its proprietary technology, the company enables users to earn and redeem loyalty points across various online and offline merchants, fostering repeat engagement for retail, travel, dining and entertainment partners. Society Pass’s model emphasizes the aggregation of customer data, personalized promotions and co-marketing programs to drive sales and brand awareness for its partner network.

The company’s core offerings include an e-commerce marketplace that spans categories such as consumer electronics, health and beauty, groceries, and lifestyle products.