Short Interest in Society Pass Incorporated (NASDAQ:SOPA) Grows By 42.2%

Society Pass Incorporated (NASDAQ:SOPA) saw a significant growth in short interest during the month of October. As of October 31st, there was short interest totalling 9,100 shares, a growth of 42.2% from the October 15th total of 6,400 shares. Currently, 0.4% of the shares of the company are sold short. Based on an average trading volume of 236,300 shares, the days-to-cover ratio is currently 0.0 days.

Society Pass Stock Performance

Shares of SOPA stock traded up $0.01 on Friday, hitting $0.96. 23,830 shares of the company’s stock traded hands, compared to its average volume of 142,943. The stock has a market capitalization of $3.02 million, a price-to-earnings ratio of -0.14 and a beta of 1.16. The company’s fifty day simple moving average is $0.96 and its 200 day simple moving average is $1.28. Society Pass has a one year low of $0.73 and a one year high of $5.10.

Society Pass (NASDAQ:SOPA) last issued its quarterly earnings data on Monday, August 19th. The company reported ($0.73) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.84) by $0.11. The firm had revenue of $1.71 million for the quarter, compared to analyst estimates of $2.33 million. Society Pass had a negative return on equity of 281.27% and a negative net margin of 190.69%. As a group, sell-side analysts anticipate that Society Pass will post -2.84 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Ascendiant Capital Markets decreased their target price on Society Pass from $21.00 to $19.00 and set a “buy” rating for the company in a research report on Tuesday, September 3rd.

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.