Society Pass Incorporated (NASDAQ:SOPA) Short Interest Down 80.1% in January

Society Pass Incorporated (NASDAQ:SOPA) was the target of a significant drop in short interest in the month of January. As of January 15th, there was short interest totaling 335,500 shares, a drop of 80.1% from the December 31st total of 1,682,210 shares. Based on an average trading volume of 2,992,547 shares, the days-to-cover ratio is presently 0.1 days. Currently, 4.7% of the shares of the company are sold short. Currently, 4.7% of the shares of the company are sold short. Based on an average trading volume of 2,992,547 shares, the days-to-cover ratio is presently 0.1 days.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on SOPA. Greenridge Global upgraded Society Pass to a “strong-buy” rating in a research note on Monday, December 22nd. Zacks Research cut Society Pass from a “strong-buy” rating to a “hold” rating in a report on Friday, November 14th. Ascendiant Capital Markets lifted their target price on Society Pass from $22.00 to $22.50 and gave the company a “buy” rating in a research report on Thursday, December 18th. Wall Street Zen cut Society Pass to a “strong sell” rating in a report on Saturday, December 20th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Society Pass in a research note on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Society Pass currently has an average rating of “Moderate Buy” and an average price target of $22.50.

Society Pass Stock Performance

SOPA stock traded up $0.19 during mid-day trading on Thursday, hitting $2.21. The company had a trading volume of 613,921 shares, compared to its average volume of 2,732,461. The stock’s fifty day moving average price is $1.96 and its two-hundred day moving average price is $1.80. Society Pass has a 12 month low of $0.64 and a 12 month high of $6.75. The firm has a market cap of $16.82 million, a PE ratio of -0.91 and a beta of 1.77.

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

Hedge Funds Weigh In On Society Pass

A hedge fund recently bought a new stake in Society Pass stock. XTX Topco Ltd purchased a new stake in shares of Society Pass Incorporated (NASDAQ:SOPA) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 22,671 shares of the company’s stock, valued at approximately $31,000. XTX Topco Ltd owned 0.42% of Society Pass as of its most recent SEC filing. Hedge funds and other 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.