Society Pass Incorporated (NASDAQ:SOPA – Get Free Report) saw a large decline in short interest in April. As of April 15th, there was short interest totalling 64,600 shares, a decline of 77.3% from the March 31st total of 285,200 shares. Approximately 0.4% of the shares of the stock are sold short. Based on an average daily trading volume, of 466,900 shares, the days-to-cover ratio is presently 0.1 days.
Wall Street Analysts Forecast Growth
Separately, Maxim Group restated a “hold” rating on shares of Society Pass in a research report on Wednesday, April 17th.
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Society Pass Trading Down 4.6 %
Society Pass (NASDAQ:SOPA – Get Free Report) last released its quarterly earnings data on Monday, April 15th. The company reported ($0.18) earnings per share (EPS) for the quarter. Society Pass had a negative return on equity of 167.70% and a negative net margin of 221.90%. The company had revenue of $1.67 million for the quarter. Analysts forecast that Society Pass will post -0.27 earnings per share 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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