Society Pass Incorporated (NASDAQ:SOPA) Short Interest Update

Society Pass Incorporated (NASDAQ:SOPA) saw a significant drop in short interest in April. As of April 15th, there was short interest totalling 64,600 shares, a drop of 77.3% from the March 31st total of 285,200 shares. Based on an average daily trading volume, of 466,900 shares, the short-interest ratio is presently 0.1 days. Approximately 0.4% of the shares of the stock are short sold.

Wall Street Analysts Forecast Growth

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

Society Pass Price Performance

NASDAQ SOPA traded down $0.01 during trading hours on Friday, reaching $0.14. 527,068 shares of the stock traded hands, compared to its average volume of 413,346. The stock has a 50 day simple moving average of $0.16 and a two-hundred day simple moving average of $0.23. Society Pass has a 1 year low of $0.10 and a 1 year high of $1.16. The company has a market cap of $5.40 million, a price-to-earnings ratio of -0.22 and a beta of 1.19.

Society Pass (NASDAQ:SOPA) last announced its quarterly earnings data on Monday, April 15th. The company reported ($0.18) EPS for the quarter. The firm had revenue of $1.67 million for the quarter. Society Pass had a negative net margin of 221.90% and a negative return on equity of 167.70%. On average, sell-side analysts forecast that Society Pass will post -0.27 EPS for the current fiscal year.

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.