Short Interest in Society Pass Incorporated (NASDAQ:SOPA) Increases By 65.1%

Society Pass Incorporated (NASDAQ:SOPA) saw a large increase in short interest in the month of January. As of January 30th, there was short interest totaling 554,072 shares, an increase of 65.1% from the January 15th total of 335,500 shares. Approximately 7.7% of the shares of the company are short sold. Based on an average daily trading volume, of 2,143,190 shares, the short-interest ratio is currently 0.3 days. Based on an average daily trading volume, of 2,143,190 shares, the short-interest ratio is currently 0.3 days. Approximately 7.7% of the shares of the company are short sold.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on SOPA. Wall Street Zen downgraded shares of Society Pass to a “strong sell” rating in a research note on Saturday, December 20th. Ascendiant Capital Markets raised their price target 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. Zacks Research lowered shares of Society Pass from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 14th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Society Pass in a research note on Monday, December 29th. Finally, Greenridge Global upgraded Society Pass to a “strong-buy” rating in a research note on Monday, December 22nd. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $22.50.

Society Pass Stock Performance

NASDAQ:SOPA opened at $0.72 on Friday. The company has a 50-day moving average of $2.01 and a 200-day moving average of $1.83. The company has a market capitalization of $5.48 million, a price-to-earnings ratio of -0.30 and a beta of 1.76. Society Pass has a 52 week low of $0.56 and a 52 week high of $6.28.

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 analysts’ consensus estimates of ($0.07) by ($0.82). The business 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%. Sell-side analysts forecast that Society Pass will post -2.65 EPS for the current year.

Hedge Funds Weigh In On Society Pass

Hedge funds have recently modified their holdings of the stock. HRT Financial LP bought a new stake in shares of Society Pass during the fourth quarter worth $350,000. Geode Capital Management LLC lifted its position in Society Pass by 43.3% during the 4th quarter. Geode Capital Management LLC now owns 48,129 shares of the company’s stock worth $183,000 after buying an additional 14,547 shares in the last quarter. Finally, XTX Topco Ltd bought a new stake in Society Pass during the 2nd quarter worth about $31,000. 3.09% of the stock is 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.