Short Interest in Society Pass Incorporated (NASDAQ:SOPA) Increases By 20.0%

Society Pass Incorporated (NASDAQ:SOPA) was the target of a large increase in short interest in the month of March. As of March 31st, there was short interest totalling 52,900 shares, an increase of 20.0% from the March 15th total of 44,100 shares. Based on an average daily volume of 3,360,000 shares, the days-to-cover ratio is presently 0.0 days. Currently, 1.6% of the company’s stock are short sold.

Society Pass Stock Performance

Society Pass stock opened at $0.77 on Tuesday. Society Pass has a fifty-two week low of $0.64 and a fifty-two week high of $6.75. The firm’s 50-day simple moving average is $1.31 and its 200 day simple moving average is $1.19. The stock has a market cap of $2.79 million, a PE ratio of -0.15 and a beta of 1.45.

Society Pass (NASDAQ:SOPA) last announced its earnings results on Tuesday, April 15th. The company reported ($1.20) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.36) by ($0.84). Society Pass had a negative return on equity of 431.98% and a negative net margin of 171.10%. The business had revenue of $1.87 million during the quarter. As a group, analysts predict that Society Pass will post -2.65 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Ascendiant Capital Markets lowered their price target on Society Pass from $16.00 to $14.00 and set a “buy” rating for the company in a research report on Monday.

Insider Activity at Society Pass

In related news, Director Michael Paul Dunn, Jr. purchased 12,000 shares of the business’s stock in a transaction on Monday, February 3rd. The stock was acquired at an average price of $28,920.00 per share, for a total transaction of $347,040,000.00. Following the purchase, the director now owns 12,262 shares of the company’s stock, valued at approximately $354,617,040. This trade represents a 4,580.15 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 5.60% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Society Pass

A hedge fund recently bought a new stake in Society Pass stock. Virtu Financial LLC acquired a new stake in shares of Society Pass Incorporated (NASDAQ:SOPA) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 26,772 shares of the company’s stock, valued at approximately $25,000. Virtu Financial LLC owned 0.73% of Society Pass at the end of the most recent quarter. Institutional investors own 3.09% of the company’s stock.

Society Pass Company Profile

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.