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

Society Pass Incorporated (NASDAQ:SOPA) saw a large growth in short interest in 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 company’s stock are sold short. Based on an average trading volume of 236,300 shares, the short-interest ratio is presently 0.0 days.

Society Pass Trading Up 0.8 %

Shares of NASDAQ:SOPA traded up $0.01 on Friday, hitting $0.96. The company had a trading volume of 23,830 shares, compared to its average volume of 142,943. The stock has a market cap of $3.02 million, a price-to-earnings ratio of -0.14 and a beta of 1.16. The stock has a 50 day moving average price of $0.96 and a 200 day moving average price of $1.28. Society Pass has a 1-year low of $0.73 and a 1-year high of $5.10.

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

Analyst Upgrades and Downgrades

Separately, Ascendiant Capital Markets cut their price objective on 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 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.