Society Pass Incorporated (NASDAQ:SOPA) Short Interest Down 23.4% in May

Society Pass Incorporated (NASDAQ:SOPA) was the recipient of a significant decline in short interest during the month of May. As of May 31st, there was short interest totalling 58,100 shares, a decline of 23.4% from the May 15th total of 75,800 shares. Based on an average daily trading volume, of 95,600 shares, the days-to-cover ratio is currently 0.6 days. Approximately 4.1% of the shares of the stock are sold short.

Society Pass Price Performance

Shares of Society Pass stock traded down $0.27 during trading on Friday, hitting $1.42. The company’s stock had a trading volume of 171,416 shares, compared to its average volume of 66,960. Society Pass has a 52 week low of $1.31 and a 52 week high of $11.67. The stock has a market cap of $3.75 million, a price-to-earnings ratio of -0.18 and a beta of 1.30. The stock has a 50-day moving average price of $1.92 and a two-hundred day moving average price of $2.83.

Society Pass (NASDAQ:SOPA) last issued its quarterly earnings data on Monday, April 15th. The company reported ($2.70) earnings per share for the quarter. Society Pass had a negative return on equity of 202.74% and a negative net margin of 196.58%. The business had revenue of $1.67 million during the quarter. On average, equities analysts predict that Society Pass will post -4.44 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

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.