Society Pass Incorporated (NASDAQ:SOPA) Short Interest Up 854.1% in December

Society Pass Incorporated (NASDAQ:SOPA) was the target of a significant growth in short interest in December. As of December 31st, there was short interest totaling 1,682,210 shares, a growth of 854.1% from the December 15th total of 176,318 shares. Currently, 23.4% of the shares of the stock are short sold. Based on an average daily volume of 24,025,006 shares, the short-interest ratio is presently 0.1 days. Based on an average daily volume of 24,025,006 shares, the short-interest ratio is presently 0.1 days. Currently, 23.4% of the shares of the stock are short sold.

Society Pass Stock Performance

Shares of SOPA traded up $0.10 during midday trading on Monday, hitting $2.81. The company had a trading volume of 1,431,410 shares, compared to its average volume of 4,018,188. The company’s 50-day simple moving average is $1.79 and its 200-day simple moving average is $1.71. Society Pass has a 1 year low of $0.64 and a 1 year high of $6.75. The firm has a market capitalization of $21.38 million, a P/E ratio of -1.16 and a beta of 1.77.

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

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On Society Pass

An institutional investor recently bought a new position in Society Pass stock. XTX Topco Ltd acquired a new position in shares of Society Pass Incorporated (NASDAQ:SOPA) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 22,671 shares of the company’s stock, valued at approximately $31,000. XTX Topco Ltd owned about 0.42% of Society Pass as of its most recent filing with the Securities & Exchange Commission. Institutional investors own 3.09% of the company’s stock.

About Society Pass

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.