Short Interest in Society Pass Incorporated (NASDAQ:SOPA) Declines By 80.1%

Society Pass Incorporated (NASDAQ:SOPA) was the target of a significant drop in short interest during the month of January. As of January 15th, there was short interest totaling 335,500 shares, a drop of 80.1% from the December 31st total of 1,682,210 shares. Approximately 4.7% of the shares of the company are sold short. Based on an average trading volume of 2,992,547 shares, the short-interest ratio is presently 0.1 days. Based on an average trading volume of 2,992,547 shares, the short-interest ratio is presently 0.1 days. Approximately 4.7% of the shares of the company are sold short.

Analyst Upgrades and Downgrades

SOPA has been the topic of several research reports. Ascendiant Capital Markets raised 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. Weiss Ratings reiterated a “sell (d-)” rating on shares of Society Pass in a research note on Monday, December 29th. Wall Street Zen cut Society Pass to a “strong sell” rating in a research report on Saturday, December 20th. Greenridge Global raised Society Pass to a “strong-buy” rating in a research report on Monday, December 22nd. Finally, Zacks Research lowered Society Pass from a “strong-buy” rating to a “hold” rating in a report on Friday, November 14th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $22.50.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Society Pass stock. XTX Topco Ltd acquired a new stake in shares of Society Pass Incorporated (NASDAQ:SOPA) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 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. Hedge funds and other institutional investors own 3.09% of the company’s stock.

Society Pass Price Performance

Shares of NASDAQ SOPA traded down $0.07 during trading on Friday, hitting $2.22. 386,502 shares of the company were exchanged, compared to its average volume of 2,625,983. Society Pass has a 1 year low of $0.64 and a 1 year high of $6.75. The company has a market cap of $16.86 million, a price-to-earnings ratio of -0.91 and a beta of 1.77. The firm’s fifty day moving average price is $1.97 and its 200 day moving average price is $1.81.

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

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.