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

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

Society Pass Stock Performance

Society Pass stock remained flat at $0.15 during mid-day trading on Thursday. The company’s stock had a trading volume of 332,403 shares, compared to its average volume of 460,359. Society Pass has a 52 week low of $0.10 and a 52 week high of $1.16. The stock has a market capitalization of $5.66 million, a price-to-earnings ratio of -0.23 and a beta of 1.19. The stock has a fifty day moving average price of $0.16 and a 200-day moving average price of $0.23.

Society Pass (NASDAQ:SOPA) last released its quarterly earnings results 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 firm had revenue of $1.67 million for the quarter. Sell-side analysts predict that Society Pass will post -0.27 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

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.