Society Pass Incorporated (NASDAQ:SOPA – Get Free Report) was the target of a large decrease in short interest in the month of June. As of June 15th, there was short interest totalling 45,300 shares, a decrease of 22.0% from the May 31st total of 58,100 shares. Currently, 3.4% of the company’s shares are sold short. Based on an average daily volume of 102,400 shares, the days-to-cover ratio is presently 0.4 days.
Analyst Upgrades and Downgrades
Separately, Maxim Group reaffirmed a “hold” rating on shares of Society Pass in a research note on Wednesday, April 17th.
View Our Latest Stock Report on SOPA
Society Pass Stock Performance
Society Pass (NASDAQ:SOPA – Get Free Report) last released its earnings results on Wednesday, May 15th. The company reported ($1.21) earnings per share for the quarter, missing the consensus estimate of ($1.12) by ($0.09). The firm had revenue of $1.85 million during the quarter, compared to analyst estimates of $2.60 million. Society Pass had a negative net margin of 196.58% and a negative return on equity of 202.73%. Analysts forecast that Society Pass will post -4.44 EPS for the current fiscal year.
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.
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