Short Interest in Society Pass Incorporated (NASDAQ:SOPA) Expands By 150.1%

Society Pass Incorporated (NASDAQ:SOPA) was the target of a large growth in short interest in December. As of December 15th, there was short interest totaling 176,318 shares, a growth of 150.1% from the November 30th total of 70,503 shares. Based on an average trading volume of 137,495 shares, the short-interest ratio is presently 1.3 days. Approximately 3.0% of the shares of the company are short sold. Approximately 3.0% of the shares of the company are short sold. Based on an average trading volume of 137,495 shares, the short-interest ratio is presently 1.3 days.

Society Pass Stock Up 58.3%

NASDAQ:SOPA opened at $1.82 on Friday. The firm has a market capitalization of $11.12 million, a PE ratio of -0.75 and a beta of 1.96. Society Pass has a 12-month low of $0.64 and a 12-month high of $6.75. The firm has a 50-day moving average price of $1.73 and a 200 day moving average price of $1.58.

Society Pass (NASDAQ:SOPA) last released its quarterly earnings data on Friday, November 14th. The company reported ($0.89) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.82). The company had revenue of $1.38 million during the quarter, compared to the consensus estimate of $2.40 million. Society Pass had a negative net margin of 145.99% and a negative return on equity of 343.41%. On average, research analysts expect that Society Pass will post -2.65 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Greenridge Global raised shares of Society Pass to a “strong-buy” rating in a research report on Monday, December 22nd. Zacks Research downgraded shares of Society Pass from a “strong-buy” rating to a “hold” rating in a report on Friday, November 14th. Wall Street Zen downgraded Society Pass to a “strong sell” rating in a research report on Saturday, December 20th. Ascendiant Capital Markets lifted their price objective on Society Pass from $22.00 to $22.50 and gave the stock a “buy” rating in a research note on Thursday, December 18th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Society Pass in a research report on Monday. 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 given a Sell rating to the company. According to data from MarketBeat, Society Pass has a consensus rating of “Moderate Buy” and an average price target of $22.50.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Society Pass stock. XTX Topco Ltd bought a new position in Society Pass Incorporated (NASDAQ:SOPA) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 22,671 shares of the company’s stock, valued at approximately $31,000. XTX Topco Ltd owned about 0.42% of Society Pass as of its most recent filing with the Securities and Exchange Commission. 3.09% of the stock is currently owned by institutional investors and hedge funds.

Society Pass Company Profile

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.