Society Pass Incorporated (NASDAQ:SOPA) Short Interest Update

Society Pass Incorporated (NASDAQ:SOPA) was the recipient of a large increase in short interest in the month of August. As of August 31st, there was short interest totalling 203,500 shares, an increase of 167.8% from the August 15th total of 76,000 shares. Approximately 9.6% of the shares of the stock are short sold. Based on an average daily trading volume, of 317,700 shares, the short-interest ratio is currently 0.6 days.

Analyst Ratings Changes

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

Society Pass Price Performance

NASDAQ:SOPA remained flat at $0.77 during mid-day trading on Friday. The company had a trading volume of 32,458 shares, compared to its average volume of 158,594. The business’s fifty day moving average price is $1.18 and its two-hundred day moving average price is $1.70. Society Pass has a 1 year low of $0.73 and a 1 year high of $7.48. The company has a market cap of $2.43 million, a price-to-earnings ratio of -0.10 and a beta of 1.19.

Society Pass (NASDAQ:SOPA) last posted 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. Society Pass had a negative net margin of 190.69% and a negative return on equity of 281.27%. The company had revenue of $1.71 million during the quarter, compared to analyst estimates of $2.33 million. As a group, research analysts expect that Society Pass will post -2.76 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.