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

Society Pass Incorporated (NASDAQ:SOPA) saw a large increase in short interest in 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 company’s shares are sold short. Based on an average trading volume of 137,495 shares, the days-to-cover ratio is presently 1.3 days. Based on an average trading volume of 137,495 shares, the days-to-cover ratio is presently 1.3 days. Approximately 3.0% of the company’s shares are sold short.

Institutional Investors Weigh In On Society Pass

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

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of Society Pass in a research note on Monday. Wall Street Zen lowered shares of Society Pass to a “strong sell” rating in a report on Saturday, December 20th. Ascendiant Capital Markets boosted their price target on shares of Society Pass from $22.00 to $22.50 and gave the stock a “buy” rating in a research note on Thursday, December 18th. Zacks Research lowered Society Pass from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 14th. Finally, Greenridge Global upgraded Society Pass to a “strong-buy” rating in a report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Society Pass presently has an average rating of “Moderate Buy” and a consensus price target of $22.50.

Society Pass Stock Up 71.7%

Society Pass stock traded up $0.83 during midday trading on Friday, reaching $1.98. The company’s stock had a trading volume of 24,562,696 shares, compared to its average volume of 2,147,058. The business has a 50-day simple moving average of $1.75 and a 200-day simple moving average of $1.57. The company has a market cap of $12.06 million, a P/E ratio of -0.81 and a beta of 1.96. 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 posted its 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). The business 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%. As a group, equities 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.