Society Pass Incorporated (NASDAQ:SOPA) Short Interest Update
by Teresa Graham · The Cerbat GemSociety Pass Incorporated (NASDAQ:SOPA – Get Free Report) was the target of a significant increase in short interest in the month of 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. Currently, 3.0% of the shares of the stock are sold short. Based on an average trading volume of 137,495 shares, the days-to-cover ratio is currently 1.3 days. Based on an average trading volume of 137,495 shares, the days-to-cover ratio is currently 1.3 days. Currently, 3.0% of the shares of the stock are sold short.
Analysts Set New Price Targets
A number of research firms have weighed in on SOPA. Ascendiant Capital Markets lifted their price objective on Society Pass from $22.00 to $22.50 and gave the company a “buy” rating in a report on Thursday, December 18th. Greenridge Global upgraded Society Pass to a “strong-buy” rating in a research report on Monday, December 22nd. Wall Street Zen cut Society Pass to a “strong sell” rating in a research report on Saturday, December 20th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Society Pass in a research note on Monday, December 22nd. Finally, Zacks Research downgraded shares of Society Pass from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 14th. One equities research 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 MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $22.50.
View Our Latest Research Report on Society Pass
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 position in shares of Society Pass Incorporated (NASDAQ:SOPA – Free Report) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 22,671 shares of the company’s stock, valued at approximately $31,000. XTX Topco Ltd owned approximately 0.42% of Society Pass at the end of the most recent quarter. Hedge funds and other institutional investors own 3.09% of the company’s stock.
Society Pass Price Performance
SOPA stock opened at $1.82 on Friday. The business has a fifty day moving average price of $1.73 and a 200 day moving average price of $1.58. Society Pass has a fifty-two week low of $0.64 and a fifty-two week high of $6.75. The stock has a market capitalization of $11.12 million, a price-to-earnings ratio of -0.75 and a beta of 1.96.
Society Pass (NASDAQ:SOPA – Get Free Report) last posted its quarterly earnings data on Friday, November 14th. The company reported ($0.89) 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 business had revenue of $1.38 million during the quarter, compared to analyst estimates of $2.40 million. On average, equities analysts expect that Society Pass will post -2.65 earnings per share for the current fiscal 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.