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

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

Analyst Ratings Changes

Several research analysts recently weighed in on SOPA shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of Society Pass in a research report on Monday. Greenridge Global raised shares of Society Pass to a “strong-buy” rating in a report on Monday. Wall Street Zen downgraded shares of Society Pass to a “strong sell” rating in a report on Saturday, December 20th. Zacks Research cut shares of Society Pass from a “strong-buy” rating to a “hold” rating in a report on Friday, November 14th. Finally, Ascendiant Capital Markets upped their price objective on shares of Society Pass from $22.00 to $22.50 and gave the stock a “buy” rating in a research report on Thursday, December 18th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $22.50.

Society Pass Stock Up 71.7%

Shares of NASDAQ SOPA traded up $0.83 during trading on Friday, hitting $1.98. The company had a trading volume of 24,562,696 shares, compared to its average volume of 2,147,058. The firm has a market capitalization of $12.06 million, a price-to-earnings ratio of -0.81 and a beta of 1.96. The stock has a fifty day simple moving average of $1.75 and a two-hundred day simple moving average of $1.57. Society Pass has a fifty-two week low of $0.64 and a fifty-two week high of $6.75.

Society Pass (NASDAQ:SOPA) last released its quarterly earnings results 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). Society Pass had a negative return on equity of 343.41% and a negative net margin of 145.99%.The company had revenue of $1.38 million for the quarter, compared to analyst estimates of $2.40 million. On average, analysts anticipate that Society Pass will post -2.65 earnings per share for the current year.

Institutional Investors Weigh In On Society Pass

A hedge fund recently bought a new stake in Society Pass stock. XTX Topco Ltd purchased a new position in shares of Society Pass Incorporated (NASDAQ:SOPA) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 22,671 shares of the company’s stock, valued at approximately $31,000. XTX Topco Ltd owned 0.42% of Society Pass as of its most recent SEC filing. Institutional investors own 3.09% of the company’s stock.

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.