Society Pass Incorporated (NASDAQ:SOPA) Sees Significant Drop in Short Interest

Society Pass Incorporated (NASDAQ:SOPA) saw a large decline in short interest in April. As of April 15th, there was short interest totalling 64,600 shares, a decline of 77.3% from the March 31st total of 285,200 shares. Approximately 0.4% of the shares of the stock are sold short. Based on an average daily trading volume, of 466,900 shares, the days-to-cover ratio is presently 0.1 days.

Wall Street Analysts Forecast Growth

Separately, Maxim Group restated a “hold” rating on shares of Society Pass in a research report on Wednesday, April 17th.

Society Pass Trading Down 4.6 %

NASDAQ SOPA traded down $0.01 during trading on Friday, hitting $0.14. 527,068 shares of the company’s stock were exchanged, compared to its average volume of 413,346. The company has a market cap of $5.40 million, a PE ratio of -0.22 and a beta of 1.19. Society Pass has a fifty-two week low of $0.10 and a fifty-two week high of $1.16. The stock’s 50 day moving average price is $0.16 and its two-hundred day moving average price is $0.23.

Society Pass (NASDAQ:SOPA) last released its quarterly earnings data on Monday, April 15th. The company reported ($0.18) earnings per share (EPS) for the quarter. Society Pass had a negative return on equity of 167.70% and a negative net margin of 221.90%. The company had revenue of $1.67 million for the quarter. Analysts forecast that Society Pass will post -0.27 earnings per share for the current fiscal 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.